Italian private equity fund, F2i SGR has announced that its unit F2i Energie Rinnovabili Srl has acquired 3 New Srl, a company owning six solar plants totaling 51.5 MW in Italy, from local infrastructure fund Ardian.
The company said the projects are located across the regions of Emilia Romagna, Apulia and Sicily. It did not reveal the financial terms of the deal, however.
At a later stage, F2i will transfer the new assets to EF Solare Italia SpA, a 50% joint venture with Italian power utility, Enel. According to the company, excluding these new projects, EF Solare currently owns and operates around 400 MW of solar installed PV capacity in Italy.
In a separate development, Italian solar developer, Ternienergia, a unit of Italeaf Spa, has agreed to sell off 10 Italian solar parks with a combined capacity of 11 MW. The unnamed acquirer has bought the facilities for €6.2 million, and the related financial debts, which amount to €27.8 million.
Ternienergia, however, will maintain the fiscal credits linked to the projects, which total €3.7 million. It added that the enterprise value of the entire transaction reaches €34 million. The closing of the operation is planned for October.
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: firstname.lastname@example.org.