Deka infrastructure debt fund acquires wind financing

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Deka infrastructure debt fund acquires wind financing

German infrastructure debt fund Deka Infrastrukturkredit has acquired senior infrastructure loans part of a financing package of a wind farm portfolio acquisition in Germany with a volume of €20 million from DekaBank. The loans are part of a funding package of around €125 million euros given by DekaBank.

The wind farm portfolio includes a total of 18 independent wind farms in inland areas with a total of 85 wind turbines. They have a total installed capacity of 150.3 megawatts and produce about 280 million kilowatt hours per year, which represents supply for about 56,000 households. The wind farms were built between 2002 and 2009 .

With the purchase of the financing package, renewable energy loans sum up 18 % of the total investment portfolio.

We announced in September 2013 that Deka Infrastrukturkredit had acquired a senior tranche of a project financing loan of €10 million from part of the financing of 14 wind turbines of 2.5 MW in the French Department "Aube".

Deka Infrastrukturkredit was launched in 2009. The fund is aimed at institutional investors and buys exclusively senior tranches of infrastructure loans.

The fund has invested in Germany, the Netherlands, France, Austria, Finland and the United States. For all portions of debt that Deka Infrastrukturkredit acquires, DekaBank is obliged to hold at least 50 percent of the amount acquired by the fund.

The assets of Deka Infrastrukturkredit are around €186 million. Overall, the fund has purchased ten loans (as of 30.12.2013). The independent rating agency Scope rated the management of Deka Infrastrukturkredit AA + or "very good".

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