SUSI Partners has acquired a 61MW wind farm in Germany through its second renewable energy fund.
The vehicle bought the final 42.7MW section of the Obernwohlde wind farm in the city of Lübeck from developer BayWa r.e. The deal comes just under a year after it purchased the first 18.3MW stage of the project, which was installed in December 2015. SUSI said the second stage is expected to be operational by April 2017.
Once at full capacity, the Obernwohlde project will be the largest in the fund, which closed on €380 million last month. SUSI added that it is also one of the largest transactions – in terms of capacity – in the German wind market this year.
Otto von Troschke, the fund’s chief investment officer and a founder of SUSI, said the fund has now invested about €140 million in equity. It holds a portfolio close to 300MW of solar and wind farms across central and northern Europe.
The acquisition of the Obernwohlde extension marks the third deal between the two parties. BayWa also sold a 15MW solar farm to SUSI’s second renewables vehicle in September 2015.