CHORUS Clean Energy AG takes over two wind parks belonging to Lloyd Fonds AG

CHORUS Clean Energy AG has taken over the operational management of two wind parks in Germany and Scotland belonging to Hamburg-based Lloyd Fonds AG.

The Breberen wind park is located in North Rhine-Westphalia, close to the border between Germany and the Netherlands. This park consists of nine reliable Vestas V80 wind turbines with a total output of 18 MW. In 2015, the wind park produced about 40 million kilowatt-hours (kWh) of electricity. This saves around 24,000 tons of harmful CO2 and is equivalent to the power needs of more than 14,000 households. 

The second wind park is located near the coast in Lairg in the Northwest Highlands of Scotland. It comprises three Nordex N80/2500 turbines. The wind park has been connected to the grid since 2011 and it has a total capacity of 7.5 MW. 

The two projects were financed through closed-end funds launched by Lloyd Fonds AG in 2005 and 2011. 

Holger Götze, CEO of CHORUS Clean Energy AG, said:

“We appreciate the trust placed in us by Lloyd Fonds AG in making this decision. It underscores the dynamic growth in our asset management division, where we offer institutional customers a wide range of services covering the entire value chain of renewable energy systems. The wind parks belonging to Lloyd Fonds AG and its investors are in the best hands with us.”

Dr. Torsten Teichert, CEO of Lloyd Fonds AG, explained.

“We are pooling our capacities to prepare for new real estate and shipping projects. For this reason, we have transferred responsibility for the operations management of the two wind farms to an established service provider in the energy sector who will continue to operate our subscribers’ wind power systems professionally"

This development extends the presence of CHORUS in Europe and increases the nominal capacity of the portfolio under management to approximately 513 MW in total.