The Ardian Clean Energy Evergreen Fund has acquired Finnish wind farm Honkajoki from KGAL Investment Management and Access Capital Partners.
Financial details were not disclosed.
Located in western Finland, the wind farm comprises nine wind turbines with a total installed capacity of 21.6 megawatts, and has been in operation since 2013. The asset was part of a renewable energy fund managed by KGAL.
Michael Ebner, managing director of KGAL Investment Management, said: '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.
'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.'
