Talanx and NORD/LB finance two solar parks in Brandenburg

The total output of the two solar parks, Finsterwalde II and Finsterwalde III, is 39.8 MW. This would be the supply of energy for up to 10.800 private households. The parks have performed beyond initial forecasts. The total volume of financing is around EUR 85.5 million and is largely broken down into fixed-coupon and variable tranches, maturing on 31 December 2029. Blue Forrest Solar Holdings B.V., a joint venture between DIF Infrastructure II B.V. and NIBC European Infrastructure Fund I C.V., are the owners of the solar parks. Both NORD/LB and the Talanx Group provide long-term financing at current market conditions. The Talanx Group’s share in the financing is EUR 50 million.

“This financing represents a further addition to our portfolio in the successful financing of renewable energies projects. We are pleased to now have this first opportunity to work with the institutional investor Talanx, enabling us to take another step towards pursuing our strategy of working more closely with institutional investors,” said Christoph Schellkes, Head of the Credit Asset Management division at NORD/LB.

“As a long-term investor, Talanx is the ideal partner for traditionally long-term infrastructure projects,” said Dr Thomas Mann, Chief Investment Officer at Talanx Asset Management. “With this investment in the Finsterwalde II and Finsterwalde III solar parks, we have again generated yields well above the current interest of German government bonds as well as sustainably adding to our portfolio of alternative investments.”