An investment—in the wind—in Germany

We look for opportunities to broaden MVC's portfolio and the German wind-energy industry was an excellent one. MVC is now owner of two German wind farms—one we bought opportunistically and one we developed in 2006 and 2007, respectively.

A high-power venture

The result is an investment in an asset that has relatively low overhead—including no employees, as the wind does the work and the turbine manufacturer provides the maintenance. We benefit, too, from a currency advantage, as the entire enterprise—from funding to revenue—has been conducted in Euros.

We continue to look for promising opportunities in the renewable energy sector. These wind farms have offered solid cash flows. The only variable is how much the wind blows—but we have researched that thoroughly, as well.