Financing a transition to a renewable society.
Ampere Equity Fund acquires 90% of a 51 MW on shore operational wind farm portfolio from DunoAir in Germany
17-11-2011 | Ampere Equity Fund, managed by Triodos Investment Management, acquires 90% of four wind farms from DunoAir with a total capacity of 51 MW and an option to buy an additional wind farm with a capacity of 12.6 MW.
The four wind farms are located in Germany and have been developed by the Dutch developer DunoAir. The wind farms have all become operational in the period 2007 until 2011. All wind farms are equipped with state of the art Enercon E82 and E70 turbines, with a capacity of respectively 2.0 MW and 2.3 MW.
The 51 MW portfolio produces approximately 131 million kWh per annum, which equals the average consumption of 62,000 households. In terms of emissions, the project saves approximately 112,000 tons of CO2 per year.
DunoAir will remain involved in the portfolio as commercial and technical manager of the wind farms, and also as shareholder of the remaining 10%.
Joris van der Geest, Chief Investment Officer Ampere Equity Fund: “We are pleased with this new partnership with DunoAir, resulting in an investment in high quality operating assets benefiting from the stable German feed-in tariff. This is the Fund’s third investment in German wind farms with a total capacity of 112.5 MW and options to expand to over 140 MW. Germany on shore wind is a substantial part of our portfolio of renewable energy assets spread over the UK, Germany, France, Spain, Italy and The Netherlands.”
Arjen Ploeg, Founder and Owner DunoAir: “With this transaction two experienced parties have joined strengths. From both sides a lot of effort has been put into making this transaction successful. As a result this cooperation could very well be a basis for a lot more projects in the very near future. This transaction enables DunoAir to further expand its development portfolio. Our focus will remain mainly on the German market, but we have started development of wind farms in other Western European countries as well.”
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.
DunoAir was established in 2004 and has developed and realized seven on-shore wind farms in Germany. The company is working on various on-shore wind farms in Germany with local authorities/communities as well as with individual landowners. Currently two wind farms are being built in the northern part of Bundesland Rheinland Pfalz. DunoAir is working exclusively with the quality German manufacturer ENERCON, with whom they just recently signed a contract. The contract includes extreme fast delivery by ENERCON and grid connection of the various projects. Besides developing and realizing wind farms, DunoAir also manages the wind farms and monitors its wind turbines continuously. In line with DunoAir’s open and straight forward philosophy, predictions and realized performances are presented to the public on its internet page (www.dunoair.com ) continuously.