KGAL’s most in sort inexperienced energy fund is shopping its first describe voltaic asset in Czechia. The funding and asset supervisor says the 50 MW plant is due to connect with the grid in 2025.
Characterize: Sev.en Inntech
German asset supervisor KGAL acknowledged its KGAL ESPF 5 impact fund has purchased a deliberate 50 MW describe voltaic challenge in Czechia.
The PVPP Saxonie challenge shall be built shut to the city of Most, shut to the German border. The construction section will delivery up quickly, with Prague-based developer Micronix responsible as the engineering, procurement and construction contractor. The electricity will basically be marketed via a prolonged-time length energy delight in agreement.
The seller of the challenge is Sev.en Inntech, a Czech company that additionally operates the local energy grid that the describe voltaic park shall be linked to next twelve months.
The acquisition is the KGAL ESPF 5 impact fund’s first step into the Czech describe voltaic market. It’s some distance its 11th transaction in whole, as it already has a presence in Germany, Greece, Italy, Poland and Spain.
Florian Martin, co-CEO of KGA, acknowledged that bigger than 80% of the fund’s €350 million ($389.3 million) in equity has already been dispensed, with 43% deployed. “Our investors delight in obtain admission to to a full of bigger than 200 projects – an unheard of diversification with huge doable for the coming years,” added Martin.
The fourth spherical of KGAL ESPF modified into once done final twelve months all the procedure via 33 European wind and describe voltaic parks.
Czechia installed 484 MW of describe voltaic in the first half of of this twelve months, fair about matching the 487 MW added in the first six months of 2023.
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