New asset class: from generation to transfer
With the investment in Amprion, klimaVest expanded its portfolio to a completely new dimension. Whereas the fund previously invested exclusively in wind and solar farms that generate electricity, the grid infrastructure now enables access to a complementary asset class: the transmission and distribution of renewable energy.
The investment fits strategically into the klimaVest portfolio. While wind and solar plants depend on weather conditions and feed-in tariffs, the regulated grid infrastructure offers stable, predictable yields. This diversification strengthens the fund’s risk-return structure and makes klimaVest the first open-ended private investor fund in Germany to invest in electricity grids.
Proven expertise from ten years of asset management
The purchasing process followed the proven standards of Commerz Real: Neutral appraisers have been used to ensure a reasonable purchase price, as is customary for each investment of the Fund. Commerz Real has many years of expertise in the field of network infrastructure. Already in 2011, the company founded M31 KG for a consortium of institutional investors, acquired 74.9 percent of the shares in Amprion from RWE and successfully managed the investment as an asset manager for ten years.
This history gives klimaVest a decisive benefit: Commerz Real knows the asset, the structures and the market dynamics from many years of experience. Participation is therefore not an entry into the unknown, but is based on proven relationships and in-depth knowledge.
Long-term investment in critical infrastructure
The holding in Amprion is a long-term investment in critical infrastructure with stable returns. The combination of government regulation, priority expansion plans and the central role of electricity grids for the energy transition makes this asset class an attractive component in the klimaVest portfolio. The investment directly contributes to the expansion of the German high-voltage grids and thus to the successful implementation of the energy transition in Germany.
