CHORUS Clean Energy AG based in Neubiberg near Munich, a company specializing in the operation of solar and wind power plants, has agreed on a comprehensive cooperation with two notable German pension funds.
The goal is to build up a portfolio of photovoltaic and wind power plants in several European countries. To this end the two pension funds provide equity capital amounting to about €25 million. Besides the build-up of the portfolio CHORUS will be mandated to provide all asset management services including the operation of the plants.
With the new cooperation CHORUS positions itself again as a service provider of asset management services for institutional investors. Regarding all other aspects of the agreement the two parties have agreed to not disclose any further information.
Holger Götze, CEO of CHORUS Clean Energy AG, stated:
“Before our successful IPO, we announced to further expand our Asset Management business. We are pleased that only one week after the listing of our Company we are already able to announce first results. With our approach to cover the entire value chain of a renewable energy plant we will acquire further institutional investors.”
CHORUS Group was founded in 1998 and operates solar and wind parks in five European countries. To date, 67 solar and wind parks with an output of more than 250 megawatts have been realized.