KGAL Investment Management GmbH & Co. KG has acquired a 25 percent stake in GP JOULE Projects for each of its funds KGAL ESPF 4 and KGAL ESPF 5. KGAL and GP JOULE are joining forces to drive the energy transition, and to take advantage of the immense growth opportunities offered by renewable energies in Germany and across Europe.
GP JOULE Projects is part of the GP JOULE Group, founded in 2009, and it develops wind and solar energy projects along the full value chain: from securing the land and tendering of subcontractor services for construction to the overall business concept for the operation of the completed plant.
“When we acquired two wind farms in Schleswig-Holstein, we were impressed by the company’s professionalism and the attractiveness of its projects,” said Michael Ebner, managing director of sustainable infrastructure at KGAL Investment Management. “Investing in GP JOULE Projects means we are now able to enter greenfield development with a comp