Berenberg sets up 4th renewable energy debt fund

Durapower, partners to kickstart a new battery manufacturing plant in Europe. Image by: Durapower.

January 18 (Renewables Now) - German private bank Berenberg announced that it is launching its fourth renewable energy debt fund to expand its debt fund portfolio and help move the energy transition forward.

The fourth fund, which will target a volume of around EUR 500 million (USD 569.3m), was set up alongside BayernInvest Luxembourg SA as alternative investment fund manager, Berenberg said in a press release.

The fund will enable a broad investor base, such as institutional investors, family offices, churches or foundations, to invest in the renewables build-out starting “from a mid-single-digit million amount”, the bank stated.

“By focusing on the financing form of Junior Debt in the so-called Late-Stage project development, construction and operating phases, an attractive return in the mid-single-digit percentage range can be achieved for investors with predictable cash flows and a good collateral structure,” said Torsten Heidemann, Head of Infrastructure & Energy at Berenberg.

Berenberg previously set up three green energy junior debt funds for professional investors with a total volume of around EUR 600 million. The Hamburg-based bank has so far financed more than 100 wind and solar farms across Europe, Japan, Chile, Australia and the US, it added.

(EUR 1.0 = USD 1.138)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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