CHORUS acquires 11.5 MW French wind farm for Pension Fund

CHORUS Clean Energy AG (“CHORUS”), specialized in investing and operating solar and wind park operation based in Neubiberg near Munich, acquired the “Clementine” wind park in the French region of Picardy on behalf of a renowned German pension fund. The wind park consists of five Enercon E-82 turbines with a hub height of 78.3 meters and a nominal capacity of 2.3 MW per unit. Its turbines have been connected to the grid since February 2015. The wind park receives a guaranteed feed-in tariff starting at 8.52 cents per kilowatt hour (kWh) fed-in. The wind park should produce more than 24,000 megawatt-hours of clean energy with every full year of operation and thereby save the equivalent of nearly 15,000 tons of CO2, which is one of the main causes of climate change.

Back in September 2016, this renowned pension fund commissioned CHORUS to successively establish a portfolio of renewable energy parks and manage these over the long term. The portfolio already consisted of four wind parks with a total capacity of 62.1 MW, which now increases to a total capacity of 73.6 MW.

“We are pleased that we could further diversify the portfolio for our institutional customer with the most recent acquisition. The turbines purchased correspond to the needs of a pension fund, which aims to generate stable returns with its investments without having to pass up attractive yields. Over the course of the transaction, the total capacity of the portfolio managed by CHORUS rose to more than 540 MW,” explains Karsten Mieth, Management Board member at CHORUS Clean Energy AG.