Successful transaction: Reichmuth Infrastruktur acquires Fuchsstadt wind farm

Construction work has begun and the Bavarian fuchsstadt wind farm is taking shape. The concrete base of the three wind turbines is already standing. The management and management of the wind farm is carried out via Reichmuth Infrastructure. The latter had purchased the Fuchsstadt wind farm from Green City for a customer. Commercial and technical management is carried out via Green City.

Currently, work is taking place on the foundation of the wind turbines in Fuchsstadt near Bad Kissingen in Lower Franconia, and the construction of the cable paths and towers is planned for the summer. It was not always clear that the wind farm has now almost reached the finish line in completion:

The Munich-based company already received approval for three wind turbines at the end of 2017, and the Federal Network Agency awarded the contract at the beginning of 2018. But the start of construction planned for 2019 was delayed: the wind turbine manufacturer Senvion, which was supposed to supply the turbines, unexpectedly filed for bankruptcy.

Thanks to a new approval, the project was able to resume. “The long breath was worth it,” says Green City CEO Jens Mühlhaus. “We have always believed in this wind farm and are glad that it is now not only being realized, but that it is also in very good hands.” Three wind turbines with a capacity of 4.5 megawatts each, a lift height of 164 metres and a rotor diameter of 149 metres are now being realised. The clean electricity produced by the wind farm in the future will be able to supply around 8500 households.

The investment and asset manager Reichmuth & Co., who accompanied the transaction, has been serving institutional clients for more than 20 years and is one of the Swiss pioneers when it comes to investing in promising transport and energy projects. Christian Ilgner, Head of Energy Investments at Reichmuth Infrastruktur, comments: “With the “Fuchsstadt” wind farm, we are able to offer our mandate client an attractive and long-term investment opportunity and are pleased to have found an experienced project developer as a partner with the Green City Group.” “It is important for us as project planners to know strong partners at our side,” adds Jens Mühlhaus.” We will continue to make our contribution to the expansion of renewables in the future and with strong alliances we can give a new boost to the whole thing.”

Thanks to the investors and the investment from the fixed-rate bond “Kraftwerkspark III”, the Fuchsstadt wind farm was launched. Through this financial product, citizens were able to actively participate in the energy transition in the hands of citizens.

 

Header: Unsplash/ Jan Kopriva