KIT will hold a 50% stake in the SPV while the remaining 50% will be held by Equitix Investment Management Limited (Equitix) and its co-investors. The SPV will acquire a 90% stake in Enpal’s solar portfolio with Enpal retaining the remaining 10% stake.
The portfolio is projected to include over 60,000 bundled solar photovoltaic (PV) systems across Germany with a projected combined generation capacity of 585 MW.
Units in KIT closed at 49.5 cents on March 15.
