Capital Stage acquires two Italian PV plants
Capital Stage, an independent solar park operator listed on the SDAX of the Deutsche Börse, has acquires two solar parks with a total capacity of 11 MW in the Piedmont region of northern Italy from an industrial group. International law firm Watson Farley & Williams has advised Capital Stage in the transaction.
The total investment volume of the acquisition, including project debt, amounts to €65.4 million (US$71.9 million).
This transaction represents the first tranche of a larger investment process which will be completed with the acquisition of two additional solar parks in the provinces of Alessandria and Cuneo, also in Piedmont.
In late July we reported that WFW advised Intesa Sanpaolo, acting as lender and agent, on the €42 million (US$46.4 million) financial restructuring of six special purpose vehicles (SPVs), as well as Banco di Napoli also, acting as lender, on three of the aforementioned restructurings.
The SPVs, all entirely owned by Belenergia S.A., own ten photovoltaic plants, with an aggregated capacity of 10 MW, located in the Apulia, southern Italy.
Country news
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July 20, 2016
WFW advises Intesa Sanpaolo and Belenergia on €42m financial restructuring
International law firm Watson Farley & Williams (WFW) has advised Intesa Sanpaolo, acting as lender and agent, on the €42 million (US$46.4 million) financial restructuring of six special purpose vehicles (SPVs), as well as Banco di Napoli also, acting as lender, on three of the aforementioned restructurings. Read more -
July 18, 2016
Veronagest refinances wind portfolio in Italy
Veronagest has achieved project refinancing for an Italian wind portfolio that comprises a total of four wind facilities. Read more -
July 06, 2016
Integrated Asset Management and Ecoenery Systems acquire the control of a portfolio of solar plants in Italy
Integrated Asset Management plc, a London based alternative investment group, and Econergy Systems Ltd., an Israeli investments and management group, have acquired control of a portfolio of solar photovoltaic plants with a total capacity of 34 MW based in Italy. Read more -
June 22, 2016
WFW advise Whiteridge on sale of K.R.ENERGY ordinary shares
International law firm Watson Farley & Williams (WFW) has advised Whiteridge Investment Funds on their sale of 22.09% of the ordinary shares of K.R.ENERGY S.p.A., an Italian investment company listed on the electronic share market MTA and a renewable energy producer, to investment company Rise Equity S.p.A. Read more -
June 21, 2016
PLT Energia closes financing for Italian wind park
PLT Energia has achieved project financing to develop the 60 MW Tursi and Colobraro wind project in Basilicata, a region in the south of Italy. Read more
