KGAL acquires German wind farm on behalf of Software AG Foundation

The Teschendorf wind farm is located in the district of Gifhorn in Lower Saxony and consists of five Enercon E-138 wind turbines. The turbines were commissioned as scheduled in autumn 2025; grid connection has already been completed. Under the Renewable Energy Sources Act (EEG), the wind farm has secured a 20-year feed-in tariff based on the EEG 2023 framework.

“The Teschendorf wind farm aligns perfectly with the Software AG Foundation’s long-term buy-and-hold philosophy. It is an excellent addition to the existing portfolio and, thanks to the EEG tariff, provides stable protection against electricity price fluctuations over a very long period,” explains Markus Ziener, Chief Financial Officer at SAGST.

Konrad Lindner, Portfolio Manager at KGAL, adds: “In the current market environment, German wind farms with EEG tariffs awarded in 2023 and 2024 rank among the most attractive core investments in Europe in terms of their risk-return profile. At Teschendorf, the awarded EEG tariff exceeds EUR 70 per megawatt-hour, significantly more than the most recent EEG auction results of approximately EUR 55/MWh.”

A foundation with a consistent ESG focus

The Software AG Foundation, based in Darmstadt, is one of Germany’s largest charitable foundations. Its assets – built on the entrepreneurial success of IT pioneer Peter Schnell – are diversified across various asset classes and consistently invested in accordance with the foundation’s own ESG criteria. A growing portion of the foundation’s assets is specifically allocated to renewable energy projects, thereby making an active contribution to the energy transition.

KGAL supports SAGST in this endeavour as a specialised investment and asset manager in the field of sustainable infrastructure.