This acquisition follows the announcement made in July 2022, when Keppel and KIT jointly invested alongside KLP and MEAG, each for an approximate 33.33% stake in a joint investment vehicle, for a 49% share of an initial portfolio of onshore wind energy assets across Norway and Sweden sponsored by FORAS, which was completed on 8 September 2022.
Keppel Corporation (SGX:BN4
) and Keppel Infrastructure Fund Management (KIFM), as trustee-manager of Keppel Infrastructure Trust (KIT) (SGX:A7RU) , have announced their joint acquisition of a 16.3% stake in a Swedish wind farm for €4.7 million ($6.9 million).
Keppel and KIT’s stakes are 2.9% and 13.4% of Fäbodliden II, a 17 megawatt (MW) Swedish onshore wind farm respectively, with the remaining 83.7% owned by Kommunal Landspensjonskasse (KLP), MEAG MUNICH ERGO Asset Management GmbH (MEAG) and Fred. Olsen Renewables AS (FORAS).
