Foresight acquires 50 MW German onshore wind portfolio from wpd AG
Foresight Group has completed the acquisition of the 45 MW Krackow and 5 MW Seubersdorf windfarms, respectively located in Mecklenburg – Western Pomerania (north-east Germany) and in Bavaria in southern Germany. Foresight has made this acquisition in partnership with Korea Investment & Securities (KIS).
The two wind farms have been acquired from a subsidiary of wpd AG (wpd), one of Europe’s leading wind energy developers and operators, who managed the original development, financing and construction of the sites. The Krackow wind farm has been operational since Q4 2015 and comprises 15 Vestas V112 wind turbine generators with Vestas also providing long-term O&M services. The Seubersdorf wind farm has been operational for one year longer, commissioned in Q4 2014, and consists of two GE 2.5-120 WTG turbines with GE as the long-term O&M provider.
Both projects benefit from ongoing operational management services provided by wpd windmanager, a wholly-owned subsidiary of wpd, and receive 20-year, fixed revenues under the German Renewable Energy Act (EEG).
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