KGAL Investment Management and Access Capital Partners have jointly sold the 22MW Honkajoki Finnish wind farm to the Ardian Clean Energy Evergreen Fund.
Located in western Finland, the site comprises nine wind turbines with a total installed capacity of 21.6MW and has been in operation since 2013.
The asset was part of a renewable energy fund managed by KGAL.
KGAL’s asset managers were able to achieve above-average returns by implementing optimisation measures during the operation of the Honkajoki wind farm.
“Now, we have successfully completed the divestment of Honkajaki together with Access Capital Partners in an environment of rising interest rates and high volatility in electricity markets,” said managing director of KGAL Investment Management Michael Ebner.
“This is further proof of our expertise as an asset manager along the entire value chain.
“With this transaction, we underline our goal of offering investors sustainable fund solutions with attractive returns, regardless of temporary market fluctuations.”