Grünwald, 19/05/2022 – The established developer controls an excellent pipeline with a total capacity of more than 300 megawatts. Together with its Italian partner, KGAL will complete the pipeline projects and operate these as an independent power producer (IPP). Only a few months after the first closing, this is already the fourth transaction for KGAL ESPF 5 – and further investments are imminent.
The Italian project developer Baltex Progetti, in which KGAL ESPF 5 has acquired a majority stake, is planning solar parks in Sardinia and Sicily as well as wind farms in Emilia Romagna. With the projected capacity of more than 300 megawatts, around 150,000 households can be supplied with climate-neutral electricity. Beyond the initial pipeline, the investment offers further growth potential. The first power plants are scheduled to be grid-connected in 2026. During the operational phase, they will remain under the ownership of the developer, who will then act as an independent power producer.
You can now read the full press release at the link below