- KGAL has entered a joint venture with Spain’s Premier Group for its KGAL ESPF 5 impact fund.
- KGAL has already cooperated with Premier Group on three large-scale PV projects in Spain with a total capacity of 287MW.
Following several years of cooperation between the companies, KGAL has entered a joint venture with Spain’s Premier Group for its KGAL ESPF 5 impact fund. The Spanish partner is contributing its own domestic solar PV project pipeline to the joint venture for further development, and KGAL is to provide financial, operational and strategic support.
KGAL and Premier will partner to gain an advantage in tendering for grid capacities for solar parks and, in the future, extend to Wind.
The Managing Director of Sustainable Infrastructure at KGAL Investment Management, Michael Ebner, said: “Premier is our partner of choice, as we have been working together successfully and with confidence since 2018”.
KGAL has already cooperated with Premier Group on three large-scale PV projects in Spain with a total capacity of 287MW. It has since developed a total renewable energy capacity of more than 3.4GW from Brazil to Spain, Italy and Japan since its inception in 2006.