KGAL acquires 14 MW Rekum wind farm repowering project near Bremen from Energiequelle
KGAL Investment Management has acquired the 14 MW Rekum wind farm repowering project near Bremen, Germany, from Energiequelle. The project will replace existing Enercon turbines with Nordex machines and benefits from a 20-year EEG feed-in tariff.
Transaction date: · Source: renewablesnow.com
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 14 MW
- Transaction price
- Not disclosed
- Buyer
- KGAL
- Seller
- Energiequelle GmbH
- Country
- Germany
- Region
- Bremen / Lower Saxony border
- Location
- Rekum, near Bremen
- Continent
- Europe
- Development status
- Under Construction
- PPA
- No
Technology details
The existing site currently operates two Enercon turbines with a combined capacity of 1.8 MW. As part of the repowering, the turbines will be replaced with more powerful Nordex machines, increasing total installed capacity to 14 MW. Expected annual output is approximately 38,700 MWh.
Power purchase agreement (PPA)
The project benefits from a 20-year feed-in tariff under the German Renewable Energy Sources Act (EEG) secured in 2023.
Additional information
The project has secured a 20-year feed-in tariff under the German Renewable Energy Sources Act (EEG) subsidy scheme in 2023. Construction is planned to be finalised in the third quarter. The asset was acquired for an institutional fund mandate.
Source
Original announcement: https://renewablesnow.com/news/kgal-snaps-up-german-wind-repowering-project-from-energiequelle-1289977/