KGAL has again been recognised as the best asset manager in the “Infrastructure Equity – New Energy” category of the Scope Awards.
It is the third time in a row that the company has achieved this recognition from the independent rating agency.
KGAL’s joint chief executive officer André Zücker said: “Experience, expertise and our Europe-wide network mean great practical benefits: our teams have access to the most attractive renewable energy projects on the market – and this allows us to drive them forward quickly from development to operation.”
KGAL will connect a total of around 240 megawatts of capacity to the grid in 2024 alone.
The successful project development of recent years is reflected in the flagship funds KGAL ESPF 4 and ESPF 5 for institutional investors, with clear double-digit returns.
KGAL invested with ESPF 5 in its first battery storage project, located in Italy. Meanwhile, the KGAL ESPF 6 energy transition fund secured a stake in the flagship project of the German hydrogen economy in Lubmin.
The open-ended infrastructure fund KGAL klimaSUBSTANZ has in turn acquired its first wind farm.
Meanwhile the PtX Development Fund, which KGAL manages on behalf of KfW, awarded its first grant totalling €30 million to an Egyptian hydrogen project.