DWS Strengthens Renewable Energy Portfolio with Swedish Onshore Wind Farm Acquisition

DWS Strengthens Renewable Energy Portfolio with Swedish Onshore Wind Farm Acquisition

(IN BRIEF) DWS has expanded its European infrastructure investment portfolio by acquiring Heather Wind AB, an onshore wind farm in Sweden with a capacity of 48 MWp. This acquisition, part of DWS’s strategy to diversify its renewable energy assets, follows previous investments in solar projects in Germany and Spain. The wind farm, operational since June 2021, was purchased from Octopus Renewables Infrastructure Trust plc, with OX2 continuing as the operator. The acquisition aligns with DWS’s goal of offering attractive returns while supporting Europe’s energy transition.

(PRESS RELEASE) FRANKFURT, 29-Aug-2024 — /EuropaWire/ — DWS has announced the acquisition of Heather Wind AB, an onshore wind farm located in Ljungbyholm, Sweden, as part of its European infrastructure investment strategy. This acquisition marks a significant addition to DWS’s portfolio, which now includes diverse renewable energy assets across Europe. The wind farm, operational since June 2021, boasts a capacity of 48 megawatts peak (MWp) generated by 12 Nordex turbines, providing clean energy to both private households and commercial customers.

The wind farm was acquired from Octopus Renewables Infrastructure Trust plc, a leading renewable energy investor in Europe. OX2, a prominent renewable energy developer, continues to operate the facility.

Peter Brodehser, Partner Investments Infrastructure at DWS, expressed his satisfaction with the acquisition, noting that it enhances the regional and technological diversity of DWS’s European infrastructure strategy. This marks the first onshore wind farm added to the strategy, complementing previous investments in solar energy projects in Germany and Spain. Brodehser emphasized the dual benefits of this investment: offering attractive returns while supporting the transition to renewable energy.

DWS’s continued focus on renewable energy projects underscores the importance of investments from both institutional and retail clients to drive Europe’s energy transformation and support sustainable infrastructure development.

About DWS Group

DWS Group (DWS) with EUR 933bn of assets under management (as of 30 June 2024) aspires to be one of the world’s leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach.

DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping to navigate the transition to a more sustainable future. With approximately 4,400 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times to build the best foundation for our clients’ financial future.

Media Contacts:

Nick Bone
+44 (0) 20 754 72603
nick.bone@dws.com

Klaus Thoma
+49 (0) 69 910 33405
klaus.thoma@dws.com

SOURCE: DWS