KGAL has sold the 130-megawatt Swedish Bäckhammar wind farm from its KGAL ESPF 4 fund after six years of ownership. The buyer is Aneo, a Norwegian developer and operator of renewable-energy plants. Financial terms were not disclosed.
KGAL has accompanied the Bäckhammar wind farm through development, construction and grid connection to operation. The firm said conditions on site are promising, as strong wind conditions provide an excellent basis for attractive revenues. With 31 wind turbines, Bäckhammar has been feeding electricity into the grid since the end of 2020, most of which has been supplied to a U.S. technology group via a 10-year power purchase agreement (PPA).
“Bäckhammar is an excellent example of our ‘buy, build, sell’ strategy,” explained Andreas Ochsenkühn, head of portfolio management sustainable infrastructure at KGAL. “This Swedish wind farm was KGAL ESPF 4’s first major commitment and was made possible by co-investment from a fund inv
