KGAL Investment Management has acquired three wind turbines near Perscheid, Rhineland-Palatinate in Germany, from BayWa r.e. Financial terms were not disclosed.
The wind farm is the first investment in an individual mandate with a volume in the hundreds of millions of euros, awarded to KGAL by the Software AG Foundation (SAGST). The project, which is currently under construction, has a total capacity of 17.1 megawatts and is scheduled to go into operation in spring 2025. After the planned commissioning, the wind farm will generate around 48,000 megawatt-hours of green electricity per year, supplying around 16,000 households.
KGAL said the wind farm has secured attractive, predictable cash flows through a 20-year feed-in tariff.
“Germany is a very attractive location for onshore wind investments,” said Konrad Lindner, portfolio manager at KGAL. “Due to the stable legal framework, the robust wind resource and good feed-in tariffs, projects of this type offer
