LHI and Sustaiable Investment Management (EB-SIM) jointly acquire a wind farm in Sweden
May 13, 2022EB-SIM is the initiator and investment advisor of the EB Renewable Energy Fund Europe. LHI is involved through the fund structure LHI Green Infrastructure Invest II.
EB Renewable Energy Fund Europe and LHI Green Infrastructure Invest II have jointly acquired a wind farm of the project developer wpd europe GmbH in Sweden. With a projected energy production of approx. 275 GWh and an annual CO2 reduction of 1.308t, the project actively contributes to sustainable energy supply in Sweden. The wind farm Aldermyrberget is located in the north of the country and benefits from a private sector power purchase agreement. The 17 ready-to-operate wind turbines with a total capacity of 71.4 MW are supplied by the manufacturer Vestas. Vestas will also be responsible for the maintenance of the wind farm. The technical and commercial management is provided by wpd windmanager.
Dr. Cora Voigt, Head of Renewable Energy Investments, explains: "This transaction is the first investment of our Fund in Scandinavia. The investment will strengthen the Fund’s portfolio as well as its geographic diversification." "In addition, we are pleased about the successful cooperation with the LHI Group", adds Dr. Bernhard Graeber, Managing Director at EB-SIM.
David Sirch, project manager at LHI, affirms: "It was a pleasure to successfully and professionally execute this transaction with the project partners and at the same time make our first investment in Sweden."
About LHI Group
The LHI Group consists of LHI Holding GmbH and LHI Leasing GmbH, which was founded in 1973, and their subsidiaries. The product portfolio ranges from the design of structured finance for companies, real estate management and asset management services to the conception of investment products in the asset classes real estate, renewable energy and aviation. The target group for the investment offer is primarily professional and semi-professional investors. Internationally, the LHI Group is represented in Poland and Luxembourg. The Group employs more than 250 people.
About EB – Sustainable Investment Management GmbH (EB-SIM)
EB - Sustainable Investment Management GmbH (EB-SIM) is one of the leading asset managers for sustainable investments. The company is headquartered in Kassel and is a subsidiary of Evangelische Bank (EB). For more than 30 years, value-based asset management was one of EB's core business areas and was spun off into EB-SIM as an independent business unit in December 2018. EB-SIM employs over50 people and manages assets of approximately €5.4 billion. It offers exclusively sustainable investments in equity, bond and multi-asset strategies as well as private debt and real assets to institutional and, via wholesale distribution, private clients. Its investment strategies are consistently aligned with the Sustainable Development Goals (SDGs) of the United Nations and the climate targets of the European Union.
Since June, EB-SIM has also been a member of the German federal initiative Impact Investing (BII). By building the impact investing ecosystem in Germany, it aims to create conditions for additional capital to be used to address social and environmental challenges.
wpd develops and operates onshore and offshore wind farms and solar parks, and is actively engaged in 30 countries around the world; the head office is in Bremen. The German company has already realized wind energy projects with around 2,520 wind turbines and an output of 5,650 MW, and is planning further projects with a total of 13,870 MW onshore, 30,400 MW offshore and 2,300 MWp solar energy.