BEE acquired and completed refinancing of Italian solar portfolio
Hamburg-based Blue Elephant Energy (BEE) has acquired and operates renewable energy projects, most notably in the wind and solar sectors where its current portfolio has a combined installed capacity of circa 500 MW. Munich-based Bayern LB is one of Germany’s six publicly regulated Landesbanken and its seventh-largest financial institution.
The portfolio comprises five SPVs that own seven operational PV plants across Italy, including in the Puglia, Lazio, Sicily, Marche, and Abruzzo regions.
Watson Farley & Williams (WFW) has advised BEE on a EUR38.5 million (US$43 million) project financing granted by Bayern LB. Eversheds Sutherland London advised Bayern.
Country updates
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December 27, 2019
Sonnedix completes acquisition of 23 MW solar portfolio from Ellomay
Sonnedix, the global independent solar power producer (IPP), has acquired a 23MW portfolio of 12 operating solar photovoltaic facilities from an investment group, Ellomay Luxembourg Holdings S.a.r.l....
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December 23, 2019
Sonnedix takes over 5.9 MW solar portfolio in Apulia region
Sonnedix, an independent solar power producer (IPP), has acquired a portfolio of 6 solar PV plants, with a combined capacity of 6 MW, from Fondo PPP (managed by Fondaco SGR, advised by Equiter). The...
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December 23, 2019
Falck invests 70% stake in 35 MW solar PV project in Sicily
Falck Renewables S.p.A. has purchased 70% of Iron SPV S.r.l. from Canadian Solar Group. Iron SPV S.r.l. owns a solar project currently under development in Sicily for a total capacity of about 35 MW....
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December 17, 2019
Engie buys Renvico Holding from Macquarie and KKR
ENGIE has announced the acquisition of Renvico from Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 4, and from KKR with its co-investors. The onshore wind...
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December 17, 2019
Ellomay to launch sale of Italian solar portfolio
Ellomay Capital Ltd is set to launch the sale of an Italian solar photovoltaic portfolio with a combined capacity of 22.6 MW for a total consideration of about EUR39 million (US$43 million). The...
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