German infrastructure debt fund acquires French wind farm debt

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German infrastructure debt fund acquires French wind farm debt

Deka Infrastrukturkredit, an infrastructure debt fund, has acquired a senior tranche of a project financing loan of €10 million from DekaBank. The installment is part of the financing of 14 wind turbines of 2.5 MW, which was awarded by the DekaBank along with a state bank for the construction of wind farms "Mont d'Arcis" in the French Department "Aube".

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

Deka Infrastrukturkredit has assets for a value of around €185 million (as of 31.08.2013).

The wind park is managed by Eolfi Asset Management, a French wind and solar developer. The firm was founded by Veolia and then in 2013 the firm was sold to Asah Lm.

Source: Deka Bank

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