German asset manager takes majority stake in Italian solar and wind developer

clock • 2 min read
German asset manager takes majority stake in Italian solar and wind developer

Independent investment and asset manager KGAL has acquired a majority stake in Italian solar and wind developer for impact fund KGAL ESPF 5. The established developer controls what it describes as an "excellent pipeline with a total capacity of more than 300 megawatts".  Together with its Italian partner, KGAL said it 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 transa...

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