KGAL buys WKN German wind

Project developer WKN AG has sold two wind projects to KGAL, a large Munich-based investment group owned by several German banks.

WKN sold the Kastorf wind park in the northern state of Schleswig-Holstein to KGAL, comprising five Vestas V112 turbines each with an installed capacity of 3.075MW that are to be commissioned in the second quarter of 2014.

The developer is also selling the 18.45MW Kropp wind park in the same German state that consists of six Vestas V112s and is also slated for commissioning in the second quarter of this year.

KGAL at the end of 2012 had a massive portfolio of €25.1bn ($34.1bn). The group in 2013 had already acquired the German turnkey wind farm Hollige from WKN, as well as the rights to the French project Dargies.