At the end of 2017, the KGAL Group entered into a share purchase agreement for the Sötterfällan (10 wind turbines) and Anneberg (three wind turbines) wind farm projects with a combined installed capacity of 46.8 MW. Both wind farms were acquired as investments from a single institutional account operated by KGAL specifically for renewable energies.
Sötterfällan is comprised of 10 Vestas V136 3.6 MW wind turbines. All conditions for the fulfillment of the transaction regarding the turn key wind farm have been met and KGAl has taken over the wind farm. for which Eolus will deliver asset management services.
The Anneberg wind farm is situated approximately 35 km north of the farm in Sötterfällan. Anneberg was handed over to KGAL in January 2019.
The purchase price for both wind farms was stated as €7.7 million in a press release from Eolus on December 22nd, 2017.
