Private equity firm First Reserve has confirmed that it is attempting to sell 101 MW of its Italian solar PV assets via an auction process, Reuters has reported.
Winning bids for the firms solar portfolio will be selection by July 27, and sources close to the matter say that a number of bids in the region of $110 million have been made.
The portfolio includes the San Bellino plant in the countrys north-eastern Veneto region, which at 70.5 MW is the largest solar installation in Italy.
Possible bidders believed to be interested in the portfolio include Tages Capital and Enel Green Power, which is rumored to be musing the possibility of bidding under a joint venture with Italian infrastructure fund F2i.
A 90 million offer has been made and subsequently withdrawn by Italys Quercus Investment Partners, according the news agency.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.