Content (39)
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Asset Manager NewsKGAL successfully closes a challenging 2023
Despite market turbulence, KGAL exceeded its earnings target in the past financial year. Highlights from 2023 include the renewable energy flagship funds KGAL ESPF 4 and ESPF 5, which continue to outperform expectations, as well as important transactions in the residential sector and new investors in the aviation segment. KGAL is well-positioned to benefit from the anticipated market recovery.
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Asset Manager NewsRenewable energy fund KGAL ESPF 5 commissions first solar park
The renewable energy fund KGAL ESPF 5 has successfully progressed its first asset from project development to grid connection. The Spalletti solar park in northern Italy has a capacity of 17 megawatts (MW) and sells green electricity via a 20-year feed-in tariff. Further solar parks with a total capacity of 100 MW are due to come online in the course of the year. KGAL ESPF 5’s core-plus strategy – investing early in the value chain to achieve higher returns – is paying off.
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Asset Manager NewsKGAL sells stake in Finnish wind farm to Ardian
KGAL Investment Management and Access Capital Partners have jointly sold the Finnish wind farm Honkajoki to the Ardian Clean Energy Evergreen Fund.
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Asset Manager NewsKGAL wins internationally tendered mandate to manage KfW’s PtX Development Fund for the promotion of green hydrogen
The broad expertise and strategic concept tipped the scales in the tender: KGAL has been commissioned to manage the PtX Development Fund on behalf of German KfW Bankengruppe, one of the world’s leading promotional banks. This fund promotes green hydrogen projects in developing and emerging economies.
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Asset Manager NewsKGAL and Edison sign power purchase agreement for 150 MW solar park in Italy
KGAL Investment Management has signed a 10-year power purchase agreement (PPA) with the Italian utility Edison for its “Tuscania” solar park, an asset held by the KGAL ESPF 4 fund.
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Asset Manager NewsNew Green Hydrogen fund KGAL ESPF 6 invests in Arcadia eFuels climate-neutral e-kerosene production facility
Following its first close, the new Article 9 impact fund KGAL ESPF 6 invests in Arcadia eFuels hydrogen-based production facility in Vordingborg, Denmark.
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Asset Manager NewsGreen Energy Fund KGAL ESPF 4 completes investment phase with EUR 1.3 billion. Successor ESPF 5 increases return forecast.
Independent investment and asset manager KGAL has invested a total of EUR 1.3 billion – of which EUR 750 million is equity – for its KGAL ESPF 4 fund.
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Asset Manager NewsKGAL acquires majority stake in Polish solar and wind project pipeline
KGAL Investment Management is establishing a joint venture with Polish project developer Lasuno for its KGAL ESPF 5 impact fund, for the purpose of developing four solar parks with a total capacity of more than 200 megawatts (MW).
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Asset Manager NewsKGAL and Lafarge sign 15-year power purchase agreements for two wind farms in Poland
KGAL Investment Management has signed long-term power purchase agreements (PPAs) with Lafarge Cement Polska for the Krasin and Rywald onshore wind farms, which belong to the KGAL ESPF 4 renewable energy fund.
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Asset Manager NewsKGAL and PFALZSOLAR join forces to build solar parks in Greece with a total capacity of 176 megawatts
Investment and asset manager KGAL, and project developer and general contractor PFALZSOLAR, are entering into a joint venture for the development and construction of two solar parks in Greece.
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Asset Manager NewsKGAL and EIT InnoEnergy establish strategic cooperation in green hydrogen sector
Grünwald, 14/12/2022 – Together, real asset manager KGAL and EIT InnoEnergy will invest in European hydrogen projects and drive their development.
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Asset Manager NewsKGAL and project developer Premier establish joint venture for solar and wind power in Spain
Grünwald, 08/12/2022 – Following years of successful cooperation, KGAL is establishing a joint venture with Spain’s Premier Group for its KGAL ESPF 5 impact fund. The Spanish partner is contributing its own domestic solar PV project pipeline to the joint venture for further development. KGAL provides financial, operational and strategic support.
