Gamesa to sell 56MW wind projects to KGAL

European Sustainable Power Fund 2 has signed a deal with Gamesa to buy four wind projects which cumulatively will produce 56MW of clean energy in France and Germany.

Of the four wind farms three are located in France and one is in Germany.

Gamesa’s two wind farms Quatre Vallées I and Quatre Vallées II are both located in the Champagne-Ardennes region, in Northeastern France and have an energy generating capacity of 12MW and 20MW respectively.

The third wind project called the Souvigné farm is situated in Poitou-Charentes, in the West of France and produces 8MW of energy while the fourth project, Sarow farm in the Northeast Germany is expected to produce 16MW of clean power.

Quatre Vallées I and Souvigné farm are operational while the Sarow farm is under-construction and the construction of the Quatre Vallées II project will soon begin.

All the four wind farms are and will use G90X-2.0 MW turbine type to produce electricity.

Germany based KGAL is an asset manager and designs innovative financing solutions and European Sustainable Power Fund 2 is its renewable energy fund for institutional investors.

Gamesa is a Spanish company which develops, constructs, and sells wind farms and has set up 126MW of wind energy in France and is developing 661MW projects.