The renewable energy fund KGAL ESPF 5 is investing in two further solar parks near Magdeburg, Calvörde West and Grauingen. The two plants complement the Calvörde Ost solar park acquired at the beginning of 2023, which will soon go into operation. The Calvörde cluster has a total capacity of 120 megawatts. KGAL has already secured attractive long-term feed-in tariffs for the majority of the capacity.
The two solar parks Calvörde West (40 MW) and Grauingen (20 MW) near Magdeburg further enhance the KGAL ESPF 5 portfolio. Both photovoltaic project developments are scheduled to go into operation in autumn 2025 and are expected to generate predictable yields. Calvörde Ost (60 MW), on the other hand, has already been completed. It is the second solar park of KGAL ESPF 5 to be connected to the grid following successful development by KGAL. “Thanks to its very good positioning at the upper end of the price range in the latest EEG auctions, the entire Calvörde cluster has guaranteed attractive cash flows for the next 20 years,” says Carsten Haubner, portfolio manager at KGAL.
The Calvörde Ost solar park still has free generation capacity that is not covered by the EEG auction. KGAL will shortly participate in the Federal Network Agency’s innovation tender for utility-scale solar power plants with battery storage.
You can now read the full press release at the link below
