klimaVest is backed by a lean, specialised team consisting of fund management, asset management and technology. We make targeted use of the expertise and infrastructure of the Commerz Real Group1 - for active management with controlled costs.
The benefits to you:
Experience and know-how of an established institution - with the efficient structures of focused fund management.
1The management company of klimaVest is Commerz Real Fund Management S.à r.l.
2Calculated using the BVI method (excluding initial charge, distribution reinvested immediately). Past performance is not indicative of future returns.
3Largest ELTIF / Market Leader in Germany: Scope ELTIF Study 2026, “Successful Mass Launch – Overview of the ELTIF Market 2025/2026,” as of December 31, 2025, published March 26, 2026, pages 2 and 9.
4Offaly Express: Only Cork and Kerry wind farms deliver more power than Offaly, 13.08.2025, https://www.offalyexpress.ie/news/tullamore-tribune/1870224/only-cork-and-kerry-wind-farms-deliver-more-power-than-offaly.html
5Wind Energy Ireland: Irish wind farms provide a third of our power in 2024 and set new energy milestone, 09.01.2025, https://windenergyireland.com/latest-news/7827-irish-wind-farms-provide-a-third-of-our-power-in-2024-and-set-new-energy-milestone
6A Power Purchase Agreement, or PPA for short, is an often long-term electricity supply contract between two parties, usually between a power producer and a power purchaser.
Our vision and mission statement
Timo Werner, klimaVest fund manager since launch in 2020
Europe’s energy systems are undergoing the most profound change since industrialisation. Now we need responsibility to rethink and act directly on generation, supply and infrastructure.
klimaVest has been investing specifically in renewable energies for over 5 years: photovoltaic and wind power plants, transmission networks and, in the future, storage solutions.
Because we are actively shaping and driving the transformation of energy systems.
Because we are promoting the performance and future viability of Europe’s energy supply.
Because we make a concrete contribution to the energy transition by using natural resources.
klimaVest not only ensures long-term growth with long-term purchase agreements, but also makes a valuable contribution to enabling resilient energy systems and long-term sustainable supply. This makes klimaVest an investment independent of stock market fluctuations and a future-proof custody account component for demanding strategies for investment by private investors.
An investment in real values for transformation and the future. For real participation in the energy market of tomorrow.
* Calculated according to the BVI method (without initial charge, distribution immediately reinvested).
** The net investor performance model calculation assumes an investment amount of €1,000 and a 5% initial charge accrued at purchase and deducted in the first year. The initial charge is a maximum amount that may be lower in individual cases. In addition, custodian fees may be charged for the safekeeping of units, which may reduce performance for investors.
Period under review: 10/28/2020 - 06/30/2026
Source: Commerz Real AG, as at 2026/06/30
Since 2015, I have worked as a fund manager at Commerz Real and am responsible for transactions in renewable energies, infrastructure and real estate - total volume over 4 billion euros. I helped develop klimaVest from the initial idea to the launch of the fund and today manage the capital of over 30,000 investors.
With my team, I am responsible for the operation of klimaVest plants - from wind and solar to hybrid plants. Each technology has its own particularities, each European market has its own requirements. Our job is to ensure that everything runs smoothly and that every system performs optimally.
I ensure that each investment meets the Fund’s sustainability criteria, from the point of view of taxonomy alignment and compliance with the exclusion criteria - from purchase to operation to modernisation. As a PhD impact investing expert with over ten years of transactional experience, I ensure that klimaVest consistently achieves its sustainability goals, in particular compliance with its taxonomy quota.
My task is to find the right electricity marketing strategy for each plant. The majority of our portfolio is through government tariffs or long-term PPAs (Power Purchase Agreements)6 at a fixed price. We actively market the rest via the stock exchange - adapted to market conditions and investment profile. Through continuous market analysis, I ensure that klimaVest is earnings-oriented and at the same time solidly positioned.
klimaVest was launched as an ELTIF (European Long-Term Investment Fund) in Luxembourg - and for good reasons: Luxembourg is considered Europe’s leading fund location with one of the most experienced supervisory authorities for investment funds, the Commission de Surveillance du Secteur Financier (CSSF).
For investors, this means: klimaVest is subject to strict European regulatory standards for investor protection and transparency. At the same time, the fund benefits from its geographical location in the heart of Europe - ideal for investments in wind, solar and grid infrastructure across six European countries.
The combination of a proven regulatory framework, stable legal regime and central location makes Luxembourg the optimal location for a pan-European energy fund such as klimaVest.
A Commerz Real Fund Management S.à r.l. fund