KGAL Investment Management has applied to the European Investment Bank for €100m towards a fund investing in medium-sized renewable energy projects.
The €100m will be part of a total €500m fund KGAL is planning to invest in onshore wind, solar photovoltaic and hydro schemes in the EU and neighbouring countries.
The fund – known as ESPF 4 – will be KGAL’s fourth renewable energy investment vehicle.
The application is currently under appraisal.
Image: sxc
