Kempen invests in Swedish wind farm
The park has a capacity of 130 megawatts, generated by 31 turbines up to 200 metres high, which will provide enough green energy to power more than 130,000 households over the next 25 years.
The direct investment of the Kempen Private Markets Fund is a co-investment with KGAL ESPF 4, a pan-European Renewable Energy Fund advised by KGAL Investment Management GmbH & Co. ('KGAL'). KGAL is a German Renewable Energy and Real Assets specialist with one of the largest investment teams in Europe in the field of sustainable energy.
Marvin de Jong, Director of Private Markets at Kempen: 'In time, a large part of the Swedish nuclear power plants will be phased out, as the Swedish government has set ambitious climate targets. The goal is to generate 100% of all energy demand in 2040 with renewable energy. The Bäckhammar project, in our opinion, plays an important role in achieving these national objectives. We therefore see this direct investment as a valuable addition to our portfolio. '
Alexander Rietz, portfolio manager at KGAL: 'Renewable energy is important for guaranteeing the continuity of the energy supply. We are delighted that we have been able to make this co-investment with Kempen and look forward to working together on both this and other transactions in the future'.
Kempen Private Markets Fund (the Sub-Fund) is a sub-fund of Kempen Alternative Markets Fund Sicav (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Sub-Fund is registered under the license of the Fund at The Netherlands Authority for the Financial Markets and not subject to Luxembourg supervision. The information in this document provides insufficient information for an investment decision. Please read the prospectus and the Essential information Document. These documents of the Sub-Fund are available on the website of KCM (www.kempen.com/investmentfunds).
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