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KGAL sells 152MW renewables portfolio in France and Germany
Transactions - NOVEMBER 2, 2021

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KGAL sells 152MW renewables portfolio in France and Germany

by Kali Persall

KGAL has sold a 152.4-megawatt renewables portfolio in France and Germany to Italian independent power-producer ERG, through its subsidiaries ERG Eolienne France and ERG Windpark Beteiligungs.

The portfolio consists of seven photovoltaic solar parks and three wind farms in France with a total installed capacity of 56.7 megawatts and 40.6 megawatts, respectively, as well as five wind farms in Germany with a total installed capacity of 55.1 megawatts. The portfolio was commissioned between 2012 and 2017.

“Optimized asset divestment is becoming an increasingly important part of the investment strategy in KGAL’s renewable energy funds,” said Florian Martin, managing director and head of business development. “In addition to our classic buy-and-hold approaches, in ESPF 4 and the new ESPF 5 we primarily pursue an active build-and-sell strategy. This is attracting significant interest from investors, and we anticipate the first close for our impact fund ESPF 5 in the

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