WKN wind farms Kastorf and Dargies put into operation

After commissioning on schedule, the Husum-based WKN-Group handed over wind farms Kastorf (Germany) as well as Dargies (France) to the asset manager KGAL. KGAL has inserted wind farm Kastorf to the institutional fund ESPF 3 while the Dargies project has been yielded to a single account.

The Schleswig-Holstein project Kastorf in the district of Herzogtum-Lauenburg consists of five wind turbines of the Vestas type V112 each with an installed capacity of 3.075 megawatts. Two of the turbines have been erected at a hub height of 94 metres and the other three each at a hub height of 119 metres. The expected annual power production of the 15.4 megawatt farm amounts to approximately 42 million kilowatt hours. Thus, the wind farm developed by WKN will now provide environmentally friendly energy to about 12,000 households in Schleswig-Holstein.

The French Dargies wind farm with an overall output of 12 megawatts consisting of six Enercon E82-type turbines, each with 2.0 megawatts capacity and a hub height of 78 metres, is located in the Picardie region (North of France). The expected annual electricity production amounts about 30 gigawatt hours. The wind farm developed by WKN will provide more than 6,000 French households with green electricity.

KGAL has already acquired several wind farm projects in Germany and abroad from WKN AG. Dr Jürgen Dambrowski, Chief Financial Officer (CFO) comments "For the WKN Group, the consistency of the cooperation with KGAL is absolutely pleasing. Furthermore, we are happy about the speedy and punctual handover of our wind farms.”


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 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. 

KGAL
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).

For more information, please contact:
Catrin Petersen, Head of Communications & Marketing
Telephone: +49 48 41 – 89 44 100