- July 2011: Vol. 4, Number 7

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KKR and MEAG Buy Stake in European Solar Firm


Private equity firm Kohlberg Kravis Roberts (KKR) and MEAG, an asset management unit of the German insurance group Munich Re, have acquired a 49 percent stake in the assets operated by Grupo T-Solar, a Madrid-based solar photovoltaic power company. Financial details of the deal were not disclosed.

Grupo T-Solar will retain a 51 percent stake and provide management services for the assets. The company’s existing assets include 42 solar photovoltaic plants — 34 in Spain and eight in Italy — with a total installed capacity of 168 megawatts and a generation capacity of more than 250 gigawatts per year. MEAG and KKR also have entered an agreement with Grupo T-Solar that gives the consortium the option to acq

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