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Ampere Equity Fund acquires 100% in three operational wind farms from Hurrikan Power
16-06-2011 | Zeist, 16 June 2011 - Ampere Equity Fund, managed by Triodos Investment Management, acquires 100% in a 39.6 MW portfolio of three operational wind farms in Germany from affiliates of Hurrikan Power Funding Holding GmbH.
The wind farms are located in the Lüchow area in the municipalities of Schweskau, Tobringen and Lübbow-Bösel. The development and construction of the wind farms was funded by Hurrikan Power, an affiliate of ArcLight Capital Partners, LLC.
The Portfolio produces approximately 53 million kWh per annum, which equals the average consumption of 25,000 households. In terms of emissions, the projects saves approx. 45,000 tons of CO2 .
The wind farms are equipped with 24 Enercon Turbines and are in operation since 2008 and 2009. The Portfolio benefits from the 20 years German feed-in tariff. Triodos Bank Germany will act as the senior debt provider of the operational companies.
Joris van der Geest, Chief Investment Officer of Ampere Equity Fund commented: “This is our second wind farm investment in Germany and fits well within the portfolio of renewable energy projects that we have built up over the past few years. We are now well diversified over solar pv, on shore wind and offshore wind in all main countries in Western-Europe that we are focusing on.”
Ampere Equity Fund
Ampere Equity Fund, managed by Triodos Investment Management, invests in renewable energy projects in Western Europe. The fund focuses on investments in energy producing assets applying proven technology, that provide stable and predictable long term returns for its investors. The Fund has attracted major Dutch institutional investors with a total committed capital of EUR 320 million, which provides certainty of funding for its investment strategy until the end of 2011. With investments in on shore wind, solar pv and offshore wind projects in The Netherlands, Germany, France, Spain, Italy and the UK, the Fund has built a diversified portfolio of renewable energy assets. Triodos Investment Management is a subsidiary of Triodos Bank with over 25 years’ experience in renewable energy investments.