Commerzbank is a strategic partner for companies in the renewable energies industry. Some 80 employees at its competence centre for renewable energies in Hamburg support German companies (e.g. wind turbine manufacturers and developers) domestically and overseas and foreign companies operating in Germany and their project business. Commerzbank Hamburg manages an asset portfolio of approx. 4.5 billion euros in this sector, around 3.6 billion euros of which is in project funding.
Solar farms in France and Germany for instance, wind farms in Poland and Germany and the first offshore projects off the Belgian and German coasts have already been financed by the traditional bank. In the Renewable Energy Hamburg Cluster, the bank hopes to champion funding prospects in the industry and promote innovative financing structures.