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Sustainable infrastructure in figures
assets under management
currently installed capacity in our portfolio
currently in development or under construction
sustainable Infrastructure transactions
people could rely on the energy we produce
Investment strategy
We have offered investment solutions in the sustainable infrastructure asset class across Europe since 2003, with profiles ranging from core to value add. We work with specialists on the ground to actively manage our assets all the way through to disposal, thereby achieving sustainable returns. The sustainable infrastructure team at KGAL focuses exclusively on the development, construction and operation of renewable energy projects, managing assets that help to prevent emissions harmful to the climate. We implement both buy-and-hold and buy-build-sell strategies.
We launch ESG-compliant fund products classified in accordance with Article 9 of the EU Sustainable Finance Disclosure Regulation as part of our ESPF series. In all our investments, we pursue a holistic approach to asset management spanning the entire value chain – from project development to financing through to operation.
Here we present our investment highlights
As a pioneer for this asset class, KGAL is active in large parts of Europe with investments in Sustainable Infrastructure
Blue: Countries where KGAL's sustainable infrastructure transactions are located
Asset Locations
Investment Countries
Current
Sustainable Infrastructure funds
KGAL ESPF 8
The ESPF 8 fund offers investors attractive core+/value-add returns in the sustainable infrastructure sector. At the same time, it actively contributes to accelerating the European energy transition and strengthening Europe’s energy sovereignty. The fund is classified as Article 9 under the SFDR.
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KGAL ESPF 6
Make a decisive contribution to the EU’s independence from fossil fuels. Investing in KGAL’s ESPF 6 Article 9 Green Hydrogen & Energy Transition Fund (SFDR) you will become part of an important growth market with a promising future.
Make an active contribution to the decarbonisation of Europe by investing in the attractive energy transition growth market – diversified across technologies, sectors, countries and lifecycles.
Your contact for this fund
Sustainable infrastructure
and sustainability
The solutions we are offering in the sustainable infrastructure asset class are making a quantifiable contribution to decarbonisation geared to achieving the 1.5°C target set out in the Paris Agreement. Our investment solutions are helping to bring about a fossil fuel-free future. In 2023, we prevented 612,000 tonnes of CO2 emissions and fed approx. 2.61 terawatt-hours of green electricity into power grids.
We also adhere to stringent governance standards. In September 2018, for instance, KGAL signed up to the UN Principles for Responsible Investment (UN PRI). As a signatory, KGAL is required to report specific ESG information for review by the PRI initiative. And, after the KfW Bankengruppe engaged us to manage its PtX Development Fund, we are now working to lay the foundations for the industrial ramp-up of green hydrogen.
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News & Insights
KGAL ESPF 6 Fund and PtX Development expand Lubmin hydrogen platform with majority stake in Lhyfe`s project
KGAL ESPF 6 Fund and PtX Development are further strengthening their joint green hydrogen platform in Lubmin, Mecklenburg-Western Pomerania. Through the acquisition of a majority stake in Lhyfe’s green hydrogen project, the partners are expanding the Lubmin platform to a potential hydrogen production capacity of up to 1,700 megawatts. At full capacity, the total Lubmin project could achieve an annual hydrogen output of up to 160,000 tonnes, making it potentially the largest hydrogen project in Germany.
KGAL ESPF 5 invests in a German battery storage project developed by FENECON
The renewable energy fund KGAL ESPF 5 has invested in a Battery Energy Storage System (BESS) in Grevesmühlen, Mecklenburg-Western Pomerania. The battery storage facility is located in the immediate vicinity of a substation and is nearing completion. Commissioning is scheduled for mid-2026. The seller and future partner is the medium-sized company FENECON, which will continue to develop the project until completion and subsequently take over its operation.
KGAL benefits from the 2025 market recovery – 2026 set to become a “Year of Change” for real assets
KGAL once again achieved a clearly positive result in the 2025 financial year. The Munich-based specialist in real assets outperformed the previous year, raising around €400 million in equity and increasing its new business volume to almost €1.7 billion. Two funds with a total equity of €550 million were extended for five years, underlining the strong trust among institutional clients. A positive turnaround is emerging in the real asset markets, and 2026 has the potential to become a real “Year of Change”.
KGAL invests in wind farm repowering near Bremen
KGAL Investment Management has acquired a wind farm in northwestern Germany for an institutional fund mandate. The project involves the repowering of the site, with a future total capacity of 14 megawatts (MW). Completion is scheduled for the third quarter of 2026. The seller is Energiequelle GmbH.
KGAL acquires justice centre and wind farm for new Debeka fund
KGAL Investment Management GmbH & Co. KG has acquired the Erfurt Justice Centre and a wind farm in Schleswig-Holstein for Debeka’s recently launched real asset portfolio. Both German properties benefit from long-term secure cash flows and thus deliver stable, sustainable returns. Debeka’s portfolio, which is worth up to €400 million, focuses on sustainable infrastructure and social real estate. Further acquisitions are to follow shortly.
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Contacts
Andreas Ochsenkühn
Head of Portfolio ManagementSustainable Infrastructure
Matej Lednicky
Head of Transaction Management Sustainable Infrastructure
Other KGAL asset classes
Real Estate
Real Estate
With our real estate strategies we are creating attractive solutions for urban residential districts which generate value and returns.
Aviation
Aviation
As one of the largest asset managers for aircraft we structure tailor-made solutions for airlines and our investors.
