Capital Stage Group takes over Treucon Asset Management

CHORUS Clean Energy AG , a member of the Capital Stage Group serving institutional investors, has taken over Treucon Asset Management GmbH. The Berlin-based company specializes in the management of funds investing in renewable energy systems.

As a result of the transaction, CHORUS will be in charge of the asset management for eleven wind parks with a total output of approx. 120 megawatts (MW). The parties have agreed not to disclose any details of the purchase price.

Holger Götze, COO of Capital Stage AG, stated:

“By taking over another 120 MW, we continue to expand our asset management operations as planned. The latest acquisition will increase the portfolio managed by the Capital Stage Group for investors to over 400 megawatts.”

In mid October we reported that CHORUS acquired additional solar and wind parks in Germany with a total generation capacity of almost 20 MW for a Luxembourg special fund managed by the company. The solar park in Saxony-Anhalt has a total capacity of about 5.2 MW, while the wind park in Thuringia has a total capacity of approx. 14.4 MW.