KGAL buys 33MW of SunEdison’s PV projects located in Italy and Spain

Facebook
Twitter
LinkedIn
Reddit
Email

SunEdison and KGAL recently finalized an agreement that sees KGAL buying 33MW of solar PV systems from SunEdison, which are located in Italy and Spain. Financial and specific project details were not released, but the recent acquisition comes after KGAL completed a 20MW purchase from SunEdison in Q2 2011.

“Investing in these projects developed by SunEdison enables us to add new valuable assets to our renewable energy portfolio, utilizing mature technologies, in one of the fastest growing segments of energy infrastructure,” said Dr. Klaus Wolf, managing director of KGAL. “We believe this new investment and the whole portfolio of our renewable energy assets will generate a predictable long-term cash flow suitable to our focus on long-term infrastructure market…”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The solar projects that KGAL has bought were developed by SunEdison’s utility-scale projects division. In total, the 12 acquired projects hold an installed capacity of 53MW and will be monitored, maintained and operated by SunEdison under long-term agreements.

Read Next

September 15, 2025
Advances in edge-based artificial intelligence are helping make solar and storage interoperable by tackling the data challenge, writes Andrew Foster.
September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
Premium
September 15, 2025
The UK government and solar industry have jointly published a long-anticipated roadmap detailing how to maximise the country’s solar potential. Chris Hewett, CEO of Solar Energy UK takes a closer look at the details.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines