DIF closes the sale of 9 German wind projects
The DIF Renewable Energy Fund closed the sale and purchase agreement (SPA) with the Allianz Renewable Energy Fund (Allianz Global Investors) for the sale of 9 operational wind projects in Germany.
On 27th November 2014, the DIF Renewable Energy and the Allianz Renewable Energy Fund closed the sale and purchase of 9 operational onshore wind projects, with a total installed capacity of 57MW.
The projects are located in Germany, in the federal states of Sachsen-Anhalt, Sachsen, Hessen, Brandenburg and Mecklenburg-Vorpommern. The SPA was signed end of October 2014 and the closing of the transaction was subject to anti-trust clearance, which was received in mid-November.
This is the second exit from the DIF Renewable Energy Fund, with 32 MW of German wind projects having been sold in March 2011.
DIF Renewable Energy was launched in 2007 and reached a final closing in 2008. The committed capital is € 134 million.
The fund has made 26 investments in onshore wind and solar energy projects in Germany, France, the Netherlands and Spain. Two onshore wind projects have been sold in 2011.
Country news
-
-
December 23, 2014
PNE Wind commissions Kemberg III wind farm in Germany
PNE Wind Group has commisioned the 9.6 MW wind farm project Kemberg III in the administrative district of Wittenberg in Saxony-Anhalt, Germany. Read more -
December 26, 2014
PNE WIND AG founds German and UK Yieldco companies
PNE Wind AG has now founded the subsidiary companies PNE Wind Yieldco Deutschland GmbH (Cuxhaven) and the PNE Wind Yieldco International Limited (Edinburgh, Scotland). Read more -
December 30, 2014
KGAL acquires another WKN wind farm
At the close of 2014 the Husum project developer WKN AG, a company of PNE WIND group, has sold Siebenbäumen wind farm to the KGAL Group with its headquarters in Grünwald near Munich, Germany. Read more -
January 14, 2015
EnBW sells 49.89 pc stake of Baltic 2 to Macquarie Capital
Energie Baden-Württemberg AG (EnBW) has sold 49.89 percent of its shares in the offshore wind farm EnBW Baltic 2 to Macquarie Capital, the principal investment, advisory and capital markets arm of Macquarie Group. Read more -
January 21, 2015
E.ON appoints new CEO in German business
E.ON has announced that Robert Hienz is to succeed Rolf Fouchier on the management board of the Germany regional unit and as CEO of E.ON’s retail sales arm in Germany. Read more
