KGAL sells 130-MW wind farm in Sweden to Aneo

KGAL has sold the Swedish 130 MW Bäckhammar wind farm, with 31 wind turbines, from the KGAL ESPF 4 fund to Aneo.

KGAL has accompanied the Bäckhammar wind farm from development, through construction and grid connection, to operation. The conditions on site are very promising: good wind conditions at an altitude of over 130 metres provide an excellent basis for attractive revenues. Bäckhammar has been feeding electricity into the grid since the end of 2020, most of which has been supplied to a US technology group under a 10-year power purchase agreement (PPA).

KGAL was advised by the financial advisor Newsec Energy Transition.