The renewable energy fund KGAL ESPF 4 has sold a Polish onshore wind portfolio with a total capacity of approximately 75 megawatts to Octopus Energy Generation. The transaction comprises the three operational wind farms Krasin, Ciekocinko and Rywald, as well as associated development pipelines. The assets are located in excellent wind regions in northern Poland and feed electricity into the grid under long-term power-purchase agreements (PPAs). The Polish wind portfolio represents another exit from ESPF 4, achieving a return significantly above the hurdle rate.
In 2019, KGAL entered the Polish wind market as one of the first international asset managers, capitalising early on the then‑favorable market conditions. KGAL acquired its wind portfolio in a series of transactions between 2020 and 2021 at ready-to-build status and managed it from construction through to operational status.
A key value driver for these wind farms is the long-term, contractually secured revenu
