DIF acquires German wind project

DIF Infrastructure II has acquired a new onshore wind project in Germany with a total capacity of eight megawatts.

DIF Infrastructure II has acquired an eight-megawatt onshore wind energy project in Germany – the Hohenseefeld wind project – from original developer UKA Umweltgerechte Kraftanlagen Südwind, DIF said in a statement.

The two companies expect the Hohenseefeld wind project to be the first of a number of similar transactions between the two.

The project, located near Berlin, was commissioned in November 2009. It comprises four two-megawatt turbines that were supplied and installed by Vestas, a Denmark-based manufacturer of wind turbines.

The acquisition has been financed with non-recourse loan facilities provided by DKB, DIF said in a release, but company officials could not be reached for further information.

DIF Infrastructure II is an equity fund established to invest in European infrastructure assets targeting primarily PPP/PFI concessions and renewable energy projects. Established in 2005, the company currently manages a portfolio of €400 million of PPP/PFI and renewable energy assets.