KGAL Investment Management has acquired two additional wind farms in Germany for its mandate with Software AG Foundation (SAGST).
The fund manager has invested an unspecified amount on behalf of SAGST to acquire wind farms in Rhineland-Palatinate, which are being developed by BayWa re and are scheduled for commissioning this year.
Konrad Lindner, portfolio manager at KGAL, said the acquisition has established “a solid foundation” for the SAGST portfolio, adding that “further diversification is in the pipeline, with the imminent acquisition of a solar park”.
Markus Ziener, managing director of SAGST, said: “Our goal is to consistently align our investments with sustainablity and to expand our direct investments in renewable energies. With KGAL, we have an expert and reliable partner in this field who understands our investment philosophy and implements it swiftly.”
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