News & Insights

News | Sustainable Infrastructure

19/05/2026

KGAL’s ESPF 5 divests from Italian solar park Spalletti

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 commenced operations in early 2024. The facility was built on a reclaimed former gravel and sand extraction site and benefits from a government-backed feed-in tariff. KGAL acquired the project in 2021 at ready-to-build stage and oversaw its development through to operational status.

With this sale, KGAL continues its active portfolio management strategy within the ESPF 5 fund and creates new reinvestment opportunities. At the same time, the transaction confirms the successful implementation of the buy-build-sell strategy pursued since 2020. The proceeds from the sale are intended to be reinvested into further acquisitions for the fund portfolio.

“Even in a challenging market environment, transaction opportunities for high-quality infrastructure assets continue to exist,” says Patrick Villmann, Transaction Manager Sustainable Infrastructure at KGAL.

Please cite KGAL as the source when using the images.

Country Inquiry

Please authorize yourself to gain access to the funds relevant to you.

Are you a Qualified Purchaser under the Investment Company Act of 1940?

You are a Qualified Purchaser if you qualify as one of the following:

You are a partnership, a corporation, a limited liability company or another entity (other than trusts) and

this partnership, corporation, limited liability company or other entity owns at least $5 million in Investments and is owned directly or indirectly by two or more natural persons who are related as siblings or spouses (including former spouses), or direct descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons; or
you acting for your own account or the accounts of other “qualified purchasers” and own and invest in the aggregate at least $25 million in Investments; or
your beneficial owners are “Qualified Purchasers”; or
you are a qualified institutional buyer, meeting the requirements of Rule 2a51-1(g) promulgated under the Investment Company Act of 1940, who has at least $25 million in discretionary Investments

You are a trust and

the trust owns at least $5 million in Investments and the trust is owned directly or indirectly by two or more natural persons who are related as siblings or spouses (including former spouses), or direct descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons; or
trust was not formed for the purpose of acquiring the limited partnership interests of any fund mentioned on this website and the trustee or other person authorized to make decisions with respect to the trust, and each settlor or other person who has contributed assets to the trust, is a person described in a. or b. (i) above or in b. (iii) or c. below; or
you are acting for your own account or the accounts of other “Qualified Purchasers” and own and invest in the aggregate at least $25 million in Investments.

You are a natural person and

you act for your own account and own at least $5 million in Investments (including joint Investments with your spouse) or
you act for your own account or for the accounts of other “Qualified Purchasers” and own and invest in the aggregate at least $25 million in Investments.