KGAL purchases 200MW Polish solar pipe

• New JV with neighborhood programmer Lasuno will certainly create four early-stage projects in the north as well as west of the country

KGAL Investment Management is establishing a joint venture with Polish project programmer Lasuno to develop four solar parks in the nation with a complete capacity of 200MW.

The KGAL ESPF 5 effect fund will certainly buy the projects expected to reach Ready-to-Build (RTB) standing by the end of 2025.

The 4 solar projects, which remain in the onset of advancement, in the north as well as west of the country.

Three of the sites are additionally suitable for wind farms.

The joint venture will certainly establish these and also other projects to RTB status and selected projects can be included in the KGAL ESPF 5 profile.

" KGAL has actually been active in Poland considering that 2019 because of the eye-catching framework problems for renewable energy.

" First, the prospective returns in Poland are above average, and 2nd, we can achieve a particularly large effect with our solar and also wind power plants by replacing GHG-intensive electricity generation," claimed Michael Ebner (envisioned), Managing Director of KGAL Investment Management.

KGAL ESPF 5 will certainly hold a majority stake in the joint venture, while Lasuno will certainly be accountable for the growth as well as management of the projects.

Wojciech Kawecki, owner as well as handling director of Lasuno, included: "With KGAL we have found an economically strong companion that is already effectively driving similar joint ventures in the solar and also wind industries in numerous European nations."

The joint venture with Lasuno is KGAL ESPF 5's fourth platform investment, in which the fund purchases an entire pipe, instead of getting a single property.

This way, KGAL ESPF 5 gains access to a multitude of projects with simply one transaction, and also takes part in the value creation right from the beginning of the development phase.