The Reichenbach wind farm is located 35 kilometres northwest of Kaiserslautern. The three Vestas wind turbines, each with an output of 6.2 MW, will be connected to the grid in November 2024. KGAL ESPF 5 secures attractive cash flows through a feed-in tariff for a period of 20 years from commissioning.

Portfolio manager Carsten Haubner comments on the acquisition: “The German market for onshore wind turbines is suffering from a significant supply shortage, and projects of this technology and quality are rare in the current environment.” Jonathan May, Head of Institutional Business International at KGAL, adds: “With this investment, the technological diversification of the KGAL ESPF 5 portfolio continues to progress and our investors will benefit from stable long-term returns in the near future.” In line with its core-plus strategy, the fund has so far made 13 investments in six European countries, including renewable energy projects with a generation capacity of 1.1 gigawatts and a development pipeline of around 2 gigawatts.

You can now read the full press release at the link below