Asset manager KGAL raises €255m for European renewables fund

The German asset management company KGAL just announced today that they have completed a funding round of €255m for its latest renewable energy fund. The fund will be named KGAL ESPF4 and will replace the ESPF3, both this new fund and its predecessor is based around investments covering the entire value chain within renewables, with a special focus on wind, solar PV and hydro power plants in Europe. Capital deployment will focus on opportunities in wind repowering, hydro power consolidation, PV value enhancement and opportunistic power storage synergies.