KGAL ESPF 4 closes at EUR750 million
KGAL Group, through GAL Investment Management GmbH & Co. KG has successfully closed its KGAL ESPF 4 renewable energies fund on 30 September 2019, with equity commitments totaling EUR750 million (US$836.95 million).
The fund has already allocated EUR280 million (US$312.46 million) of equity for projects in six countries. KGAL ESPF 4 held its first closing in mid-2017 and acquired its first project in mid-2018.
Asset manager KGAL had originally intended to close the fund at the end of 2018, with an equity target of EUR500 million (US$557.970 million).
KGAL ESPF 4 invests predominantly in wind, solar and hydroelectric power in Europe. It is also able to invest in additional technologies relating to renewable energy and storage, as well as network infrastructure. KGAL is pursuing a core-plus strategy, which combines greenfield and brownfield investments in a targeted manner.
Country updates
-
-
October 08, 2019
Acciona to launch takeover bid over Nordex
Spain’s Acciona SA has subscribed the whole 10% capital increase released by German wind turbine maker Nordex for EUR 10.21 (US$ 11.23) apiece, completing the deal for EUR 99 million (US$ 108.9...
Read more -
October 08, 2019
Equinor to sell half of its stake in offshore wind farm in Germany
Equinor is set to sell half of its ownership in 385 MW Arkona offshore wind farm in the German Baltic Sea for a total amount of approximately EUR500 million (US$549 million).
Read more -
October 07, 2019
Trianel Windpark Borkum developers launch tender for plant maintenance
The developers of the 200 MW Trianel Windpark Borkum located in the German part of the North Sea has launched a tender seeking interested companies to deliver corrective maintenanc...
Read more -
October 04, 2019
Deutsche, innogy and RWE sign PPA for 295 MW Nordsee Ost offshore wind project in Germany
Deutsche Bahn, innogy and RWE have signed a power purchase agreement deal for the power output of the 295 MW Nordsee Ost offshore wind farm located approximately 30km north of the German isl...
Read more -
October 03, 2019
Allianz European Infrastructure Fund reaches first close
Allianz Global Investors (AllianzGI) has announced the first close of the Allianz European Infrastructure Fund S.A. – RAIF (AEIF). The fund, which was launched in March 2019 and is managed by Al...
Read more
