New investment

Triodos Renewables Europe Fund adds German wind project to the portfolio

Press Release

Zeist, 21 December 2017 – Triodos Renewables Europe Fund has taken a 100% stake in a German wind energy project. The wind energy project is located in Amöneburg-Roßdorf (Hesse), in the centre of Germany. It consists of two wind turbines, manufactured by GE Windenergy GmbH, of the type GE 2.75-120. Each turbine has an installed capacity of 2.78 MW and a rotor diameter of 120 meters.

 

The shares in the wind energy project are acquired from juwi Energieprojekte GmbH, which is part of juwi group, one of the world’s leading companies in the area of renewable energy.

Vincent van Haarlem, Fund manager of Triodos Renewables Europe Fund: “We are very pleased to add this wind energy project to our portfolio and to be able to purchase it from the renowned international developer juwi. This investment creates a solid platform for further cooperation between Triodos Renewables Europe Fund and juwi, something we are very much looking forward to. We are also looking forward to working with the highly regarded GE-turbines for the first time, as they are a novelty in our portfolio.”

Commenting on the closing Thomas Broschek, Managing Director of juwi Energieprojekte GmbH, said: “We are delighted to have gained Triodos Renewables Europe Fund as a new juwi partner after constructive and pleasant negotiations. We are looking forward to continuing our good relationship with Triodos Renewable Europe Fund with more exciting projects.”

The project is fully operational since October 2017. The two wind turbines annually produce more than 15 GWh, which equals the annual electricity demand of around 5,000 German households, roughly the number of inhabitants in Amöneburg. Compared to electricity generation with conventional power plants, the wind energy project realises a reduction of approximately 12,000 tons in CO2-emissions and as such strongly contributes to Triodos Renewables Europe Fund’s aim to reduce CO2-emissions.

Press releases

Triodos IM in the press