In line with its plan, KKB (Kleinkraftwerk Birseck AG) has secured several transactions in the five strategic target countries. The company which specializes in renewable energy production has managed hence to generate substantial growth.
In recent weeks, KKB (Kleinkraftwerk Birseck AG) has acquired, respectively has signed share purchase agreements to acquire, several power plants in the five selected target countries. The acquisitions include:
- A 12.3 Megawatt (MW) windpark consisting of six Senvion M92 turbines in the State of Saxony, district of Meissen in Germany. The generators are the first section of the windpark “Wölkisch” developed and brought into operations this year by the WSB group.
- The 8.0 MW wind farm „Tassillé“ in the department of Sarthe, in the region Pays de la Loire in France from French developer IEL. The windpark has entered construction phase and should be connected to the grid in the first quarter of 2016.
- Four solar photovoltaic ground-mounted power plants in the Veneto region in Italy with a total capacity of 4.0 MW developed by Italian developer AIEM. The plants were built in 2013 and perfectly complement the already existing 4.2 MW plant, which KKB owns in the same region.
- Six solar photovoltaic rooftop systems, built in 2015 from Swiss developer Solstis, with a total output of 2.5 MW in the Romandie area of Switzerland. The installations will be acquired by Birseck Solar AG, of which KKB owns 51%, while 49% is held by UBS Clean Energy Infrastructure Switzerland.
Furthermore KKB is under exclusivity in the final negotiations for the acquisition of a 1.8 MW hydroelectric power plant in Norway and a further 8.0 MW wind farm in France. Both power plants are already in operations.
Through these acquisitions KKB’s asset base is growing, according to plan, by 36 MW to a total of 140 MW installed renewable energy capacity. From the newly acquired power plants, the company expects an EBIT increase by more than 2.8 million Swiss francs, with a simultaneous positive impact on EPS (earnings per share) for the year 2016.
As by now all funds raised in August 2014 are fully invested in power plants, KKB is ready for fresh capital. The subscription period for the 2015 capital increase will last until August 5, 2015. The subscription form and the prospectus are available on KKB’s website.