In July 2025, KGAL Investment Management finalized the acquisition of the “Gerena” solar park on behalf of the Software AG – Stiftung (SAGST), marking a key milestone in SAGST’s renewable energy investment strategy. The photovoltaic facility, located in Guillena (Province of Seville), southern Spain, boasts an installed capacity of 60.5 MWp and began feeding electricity into the public grid in June 2025.
The project was developed by KGAL’s long-standing partner, BayWa r.e., and represents the fourth equity investment within the foundation’s dedicated renewables mandate. Approximately 70% of the electricity produced is secured under a 10-year Power Purchase Agreement (PPA) with a European industrial offtaker.
With the inclusion of “Gerena,” SAGST has successfully completed the initial phase of its energy investment rollout, totaling €150 million in committed capital. The next development stage, led by SAGST Renewables GmbH (founded in 2024), aims to allocate an additional €100 million to renewable energy projects, with KGAL continuing to serve as the strategic investment advisor.
Transaction details
| Attribute | Details |
|---|---|
| Country | Spain |
| Location | Guillena, Seville (Andalusia) |
| Size (MW) | 60.5 MWp |
| Name of developer/seller | BayWa r.e. |
| Name of acquirer | KGAL Investment Management (on behalf of SAGST) |
| Notable Details | 10-year PPA for ~70% of output; developed on former agricultural land |
Article source: KGAL (28.07.2025)
Picture source: BayWa r.e.(28.07.2025)
