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Union Investment diversifies new infrastructure fund by adding wind power in Ireland and France

Hamburg - Union Investment has acquired two more wind farms for its UniInstitutional Infrastruktur SICAV-SIF infrastructure fund.

Located in Greneville en Beauce (Loiret department), France, and Gibbet Hill (County Wexford) in Ireland, the onshore wind farms with turbines from the manufacturers Vestas and Nordex entered service in July 2013. The vendor of the wind farm in Greneville, comprising eight turbines with total output of 24 megawatts, is VSB Energies Nouvelles, a wholly-owned subsidiary of Dresden-based WSB Group. Union Investment acquired the Gibbet Hill wind farm, which consists of six turbines and has a rated output of 15 megawatts, from project developer ABO Wind of Wiesbaden. Ten months after inception, Union Investment's first infrastructure fund now holds four European wind farms in three different countries representing a signed investment commitment of some EUR 143 million.

Source: IWR Online, 29 Oct 2013