KGAL Investment Management has acquired a 27MW wind project in Poland.
The Rywald project, located about 200 km north-west of Warsaw, is fully permitted and will comprise nine wind turbines.
Construction is scheduled to start at the end of 2021, with commissioning planned for 2022.
A 15-year feed-in tariff has been secured for a large part of the expected electricity production.
KGAL’s Polish wind portfolio is 75MW following the Rywald acquisition.
The company had also acquired the project rights for a wind farm located 60 km north-west of Gdansk with a total capacity of 11.7MW in April 2020.
The wind farm was constructed on schedule and will start operations this month.
The other wind farm in the Polish portfolio is the Krasin project, located about 75 km south-east of Gdansk, with a capacity of 35.2MW, which KGAL acquired in May 2020.
Commissioning of this project, which is under construction, is planned for spring 2022.
In addition to the Polish construction activities, a German wind farm is currently under construction and KGAL said it expects PV projects in Italy, Spain and Portugal to be ready for construction in the first half of 2021.