kgal

KGAL has signed a ten-year power purchase agreement with Edison to sell power generated from the former’s 150MW Tuscania solar project in Italy.

A round-up of the latest PV project news from the US and Europe, including two announcements in Spain, the inauguration of a pair of Hungarian PV plants and operations beginning at an installation in Colorado from Lightsource bp.

Spanish utility Iberdrola has entered into an agreement for the acquisition of 98MW of solar and wind projects in Poland with Augusta Energy.

German asset manager KGAL Investment Management has acquired a majority stake in Italian renewables developer Baltex Progetti through its fund KGAL ESPF 5.

German asset manager KGAL Investment Management has acquired a combined 50% stake in renewables developer GP Joule Projects, with the two companies intent on taking advantage of the “immense growth opportunities” of renewables across Europe, and in particular Germany.

Utility-scale solar moves now quickly following one another in country increasingly targeted by subsidy-free proponents, heralding revival of market paralysed years ago by policy swings.

German investor claims active asset management and careful timing have helped score “attractive return for investors” despite Spain's FiT scrapping.