The renewable energy fund KGAL ESPF 5 has sold the Italian solar park Spalletti with a capacity of 16 megawatts. The buyer is the Italian energy company Altea Green Power.
The solar park is located in the Emilia-Romagna region near Parma and was commissioned at the beginning of 2024. The plant was built on a recultivated former mining area for gravel and sand and has a state-backed feed-in tariff. KGAL acquired the project in 2021 in ready-to-build status and accompanied the development through to operational operation.
With the sale, KGAL is consistently continuing its active portfolio management in the ESPF 5 fund and creating new reinvestment opportunities. At the same time, the transaction confirms the buy-build-sell strategy that has been successfully implemented since 2020. The proceeds from the sale are to be reinvested in further acquisitions for the fund portfolio.
“Even in a challenging market environment, there are still transaction opportunities for high-quality infrastructure assets,” says Patrick Villmann, Transaction Manager Sustainable Infrastructure at KGAL.
