KGAL Acquires 21 MW Windpark Teschendorf in Gifhorn, Lower Saxony from Energiequelle for Software AG Stiftung
KGAL has acquired the 21 MW Windpark Teschendorf in Landkreis Gifhorn, Lower Saxony, Germany from developer Energiequelle, on behalf of an individual mandate from Software AG – Stiftung. The five-turbine Enercon E-138 wind farm was commissioned in autumn 2025 and benefits from a 20-year EEG 2023 feed-in tariff at over €70/MWh.
Transaction date:
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 21 MW
- Transaction price
- Not disclosed
- Buyer
- KGAL
- Seller
- Energiequelle
- Country
- Germany
- Region
- Lower Saxony
- Location
- Teschendorf, Landkreis Gifhorn, Lower Saxony, Germany
- Continent
- Europe
- Development status
- Operational
- PPA
- Yes
Technology details
Five Enercon E-138 wind turbines with a total installed capacity of 21 MW. Commissioned as planned in autumn 2025. Grid connection already completed. Secured a 20-year feed-in tariff under the EEG 2023 framework with a tariff of over €70 per MWh, significantly above recent EEG auction results of approximately €55/MWh.
Power purchase agreement (PPA)
20-year feed-in tariff secured under the EEG 2023 framework at over €70 per MWh, providing long-term stable revenue.
Additional information
Acquisition made for an individual mandate of the Software AG – Stiftung (SAGST), one of Germany's largest non-profit foundations, headquartered in Darmstadt. KGAL acts as specialised investment and asset manager for SAGST in the sustainable infrastructure space. Investment follows SAGST's buy-and-hold philosophy and ESG investment criteria, with a growing allocation to renewable energy projects.
Source
Compiled by Renewables.digital from public announcements.