KGAL purchases another WKN wind farm

- German wind farm Ebersgrün has already started operation

Husum - After several other projects, Husum-based developer WKN AG has sold another wind farm to the KGAL Group with headquarters in Grünwald near Munich.

The Saxon energy park Ebersgrün in the Vogtland District consists of four wind turbines of the type Senvion MM92 with 2.05 megawatts of installed capacity each. All turbines were erected at 100 metres hub height. The wind farm has already been commissioned; the expected annual electricity production of the 8.2 megawatt wind farm amounts to approximately 21 million kilowatt hours. Thus, the wind farm developed by WKN supplies eco-friendly electricity to about 6,000 households in Saxony.

In 2013, The KGAL Group had already acquired the German WKN wind farms Hollige, Kastorf and Kropp as well as the rights for the French WKN project Dargies. “We are pleased that once again we were able to convince the KGAL Group of our project competence,” Martinus Scherweit, CEO of WKN AG, commented this transaction.

The KGAL Gruppe has been initiating and accompanying long-term real investments with lasting and stable revenues for more than 46 years. Its range of services comprises the conception and management of selected funds for institutional investors as well as investment solutions for family offices.


WKN AG
WKN AG has planned, installed and operated turnkey wind farms and solar power systems in Germany since 1990. In addition, WKN AG is also internationally represented by subsidiaries in numerous European countries, South Africa and the US. Up to now, the company has initiated and realized projects with a total of about 1,200 megawatts capacity.
The headquarters of the WKN-Group are located at the “House of Future Energies”, an established center of excellence for renewable energy sources in Husum/Germany. 82.75 percent of WKN shares are owned by PNE WIND AG located in Cuxhaven/Germany while 17.25 percent are held by private and institutional shareholders.


KGAL AG
As at 31.12.2013, the KGAL Group managed an investment volume of EUR 24.6 billion. KGAL currently manages capital for 110,000 investors (incl. multiple subscriptions) with equity investments in a total of 133 active limited partnership funds. Investors have entrusted EUR 6.9 billion in equity capital to KGAL for these funds. KGAL is an investment company owned by Commerzbank, BayernLB, HASPA Finanzholding and Sal. Oppenheim. The KGAL Group has 316 employees (as of 31.12.2013).


Husum, 27 May 2014


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