DIF agrees the sale of nine German wind frams
The DIF Renewable Energy Fund has executed a sale and purchase agreement (SPA) with the Allianz Renewable Energy Fund for the sale of 9 operational wind projects in Germany.
On 29th October 2014 the DIF Renewable Energy and the Allianz Renewable Energy Fund signed the agreement for the sale of the assets with a total installed capacity of 57MW.
The projects are located in Germany, in the federal states of Sachsen-Anhalt, Sachsen, Hessen, Brandenburg and Mecklenburg-Vorpommern. The closing of the transaction is subject to anti-trust clearance, which is expected to be received by the end of November 2014.
This will be the second exit from the DIF Renewable Energy Fund, with 32 MW of German wind projects having been sold in March 2011.
DIF Renewable Energy was launched in 2007 and reached a final closing in 2008. The committed capital is €134 million.
The fund has made 26 investments in onshore wind and solar energy projects in Germany, France, the Netherlands and Spain. Two onshore wind projects have been sold in 2011.
Fund manager DIF was established in 2005 as an independent fund management company and has circa €2bn of funds under management.
The firm invests in infrastructure assets that generate long term stable cash flows, including PPP/PFI and renewable energy assets in Europe and North America.
DIF has over 45 staff across 7 offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid and Toronto.
Country news
-
-
November 17, 2014
Balfour Beatty announces disposal of parts of German Rail Business
Balfour Beatty, the international infrastructure group, has reached an agreement to sell parts of its German Rail business to Rhomberg Sersa Rail Group of Austria. Read more -
November 28, 2014
Bavarian town seeks interest for city hall PPP
The German town of Bad Neustadt has issued a request for expressions of interest (REOI) for the development of a new city hall trough a public private partnership (PPP) project. Read more -
December 02, 2014
BAM selected to build 'House of the Future' PPP project in Berlin
BAM has won the contract for the public private partnership (PPP) project, House of the Future in Berlin, Germany. Read more -
December 09, 2014
DIF Renewable Energy Fund sells a portfolio of 9 German wind farms
The DIF Renewable Energy Fund has closed the sale and purchase agreement (SPA) with the Allianz Renewable Energy Fund for the sale of 9 operational wind projects in Germany. Read more -
January 09, 2015
Macquarie Capital acquires 49.89 pc stake in EnBW's offshore wind farm
Energie Baden-Württemberg AG (EnBW) has sold 49.89 percent of its shares in the offshore wind farm EnBW Baltic 2 to Macquarie Capital, the principal investment, advisory and capital markets arm of Macquarie Group. Read more
