Connected Infrastructure Capital (CIC) GmbH announces the sale of a Dutch-German wind park portfolio to a Luxembourg-based fund advised by the EB – Sustainable Investment Management GmbH (EB-SIM).
Hamburg, Germany – June 29, 2023 – Hamburg-based Connected Infrastructure Capital GmbH (CIC) is pleased to announce the successful sale of a part of its wind park portfolio to a Luxembourg-based fund, with EB-SIM acting as asset manager and advisor to the fund. The portfolio comprises five operational wind parks with a combined capacity of approximately 85 MW, situated in both the Netherlands and Germany.
The wind park portfolio encompasses both attractive commercial wind parks as well as a prototype site allowing turbine manufacturers to operate and test prototypes. The collective capacity of the portfolio provides green electricity to tens of thousands of homes and is contributing to the transition to clean energy sources by offering testing facilities to turbine manufacturers.
CIC has established itself as a player in the renewable energy sector, actively investing in constructing and managing wind park projects across Europe. The sale of this wind park portfolio represents a significant milestone for the company, aligning with its strategic vision and commitment to sustainable energy solutions.
The decision to divest this part of CIC’s wind park portfolio was based on a comprehensive evaluation process, in which CIC sought a partner that shared its long-term vision and commitment to sustainable investments. EB SIM, a highly respected asset manager solely focussed on sustainable and impact investing has deep expertise in renewable energy. It emerged as the ideal candidate. The addition of these wind parks to its managed portfolio further strengthens the company’s commitment to renewable energy and bolsters its position as a leading investor in the sector.
„We are delighted to announce the sale of this part of our wind park portfolio to a fund advised by EB-SIM,“ says Hans Jörn Rieks, Managing Partner of Connected Infrastructure Capital GmbH. „This transaction represents a significant achievement for CIC, and we are confident that the wind parks will continue to thrive under EB-SIM’s management, contributing to the ongoing transition to green energy in the respective local region.“
„We are pleased to add this exceptional wind park portfolio from Connected Infrastructure Capital to our portfolio,“ states Dr. Bernhard Graeber, Managing Director at EB-SIM. „These wind parks align perfectly with our investment strategy, focusing on sustainable assets that create long-term value for our investors while making a positive impact on the environment. We look forward to working closely with the existing teams and local stakeholders to ensure the continued success and growth of these wind parks.“
The completion of this transaction reinforces CIC’s position in the energy market. CIC remains committed to identifying, developing and operating innovative renewable energy projects that contribute to the sustainability agenda.
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Jonas Kollmeyer, ChristieKollmeyer GbR
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About Connected Infrastructure Capital GmbH
Connected Infrastructure Capital GmbH (CIC) CIC is a Hamburg-based renewable energies investment company focusing on renewable energy projects in Europe. CIC specializes in the development, acquisition, and management of renewable energy assets, including wind and solar parks. With a proven track record and a commitment to sustainable investments, CIC contributes to the expansion of renewable energies in Europe.
About EB-SIM
EB – Sustainable Investment Management GmbH (EB-SIM) is one of the leading asset managers for sustainable investments. The company is based in Kassel and is a subsidiary of the Evangelische Bank (EB). For more than 30 years, value-based asset management was one of EB’s core business areas until it was spun off into EB-SIM as an independent business area in December 2018. EB-SIM employs over 60 people and manages assets of approximately 5.3 billion euros. It offers institutional clients and, via wholesale distribution, private clients exclusively sustainable investments in equity, bond and multi-asset strategies, as well as private debt and real assets. Its investment strategies are consistently aligned with the United Nations‘ Sustainable Development Goals (SDGs) and the European Union’s climate goals.