ERG, through its subsidiary ERG Solar Montalto S.r.l., has completed the purchase from Soles Montalto GmbH, an investment fund managed by the group AREAM – European asset manager in the renewables sector – of a 78.5% stake in Perseo S.r.l., 100% owner of Andromeda PV S.r.l., a company that in turn manages two photovoltaic power facilities with an overall installed capacity of 51.4 MW.
Under the transaction, carried out following the prior agreement to the change of control in Perseo S.r.l. on the part of the lending institutions, Soles Montalto GmbH will remain a minority quotaholder, based on a quotaholders' agreement granting ERG complete industrial control of the asset and its full consolidation.
This acquisition allows ERG to become one of the five leading photovoltaic operators in Italy, with over 140 MW of installed power, and to achieve the plan objectives ahead of schedule with high quality assets.
Tages Capital SGR has completed the first close of its second close-end reserved alternative real estate fund, investing in the renewable energy sector, Tages Helios II. With a target...
Read moreAlternus Energy has completed the purchase of three solar photovoltaic plants located in the Budrio and Anagni regions of Italy from Liquid Sun Srl. The deal represents an investment...
Read moreiAM Capital Group has completed the sale, together with its affiliates and minority partners, of its 34.3 MW solar energy portfolio in Italy through the sale of Econergy Renewables 1 Spa, to...
Read moreThe Trans Adriatic Pipeline (TAP) successfully completed financial close in December 2018, securing EUR3.9 billion (US$4.44 billion) - the largest project finance agreed for a European infrastructure...
Read moreSonnedix has completed the purchase of a portfolio of 28 solar PV plants from Italian energy company Graziella Green Power S.p.A., with a combined capacity of 53 MW, following the signing of a pr...
Read more