Real Assets
Purchase of share in SunEnergy part of strategy to open up new areas of investment. : KGAL New Frontiers, set up last year to invest in new areas of infrastructure, has acquired a stake in a provider of solar power infrastructure in emerging markets. The subsidiary of German real assets fund manager KGAL has bought a 22% share in SunErgy, a Norwegian company that supplies off-grid electricity, cable television and internet access to towns. SunEnergy ships small solar power plants in containers from Northern Europe to emerging markets, where they can be connected to homes using the company’s own network.