Project Siebenbäumen to be commissioned in 2015
At the close of 2014 the Husum project developer WKN AG sold another project called Siebenbäumen to the KGAL Group with its headquarters in Grünwald near Munich. Siebenbäumen will extend wind farm Kastorf that had been sold to KGAL before and which has already been put into operation.
The Siebenbäumen extension located in Schleswig-Holstein consists of two wind turbines of the Vestas type V112 each with an installed capacity of 3.075 megawatts. The turbines are to be erected at a hub height of 119 metres. After commissioning in both municipalities the seven wind turbines will run with a total installed capacity of more than 21.5 megawatts. Commissioning of the two Siebenbäumen turbines is planned for August 2015 while the start of construction works is going to begin in March 2015 depending on the weather conditions. The wind farm will feed directly into the 110-kV grid via a transformer station.
The further wind turbines are being acquired by the Kastorf KG owned by KGAL. Associated with the already running Kastorf wind farm the company will also insert Siebenbäumen to the institutional fund ESPF 3.
KGAL has already acquired several wind farm projects in Germany and abroad from WKN AG. Roland Stanze, WKN Chief Operating Officer (COO) comments „It is a real good feeling again to furtheron extend our cooperation.”
WKN AG has planned, installed and operated turnkey wind farms and solar power systems in Germany since 1990. In addition, WKN AG is internationally represented by subsidiaries and joint-ventures 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. About 83 percent of WKN shares are owned by PNE WIND AG located in Cuxhaven/Germany while approx. 17 percent are held by private and institutional shareholders.
The KGAL GmbH & Co. KG located in Grünwald near Munich 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. The quality of the KGAL products within the central asset fields of real estate, airplanes as well as infrastructure is based on the internal expertise.
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. The KGAL Group has 316 employees (as of 31.12.2013).