The move follows KGAL’s recent acquisition of solar projects with a total capacity of 20MW from SunEdison in the second quarter of 2011.
These 12 projects with a combined capacity of 53MW will be monitored, maintained and operated by SunEdison under long-term agreements.
KGAL managing director Klaus Wolf said investing in these projects developed by SunEdison enables KGAL to add new valuable assets to its renewable energy portfolio, utilizing mature technologies, in one of the fastest growing segments of energy infrastructure.
"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," Wolf said.
