F2i completes acquisition of Renovalia Energy from Cerberus Capital Management

Fondi Italiani per le Infrastrutture, also known as F2i, has completed the acquisition of the Spanish solar power producer Renovalia Energy SA from Cerberus Capital Management LP.

The acquisition, made by the fund's EF Solare subsidiary, involves about 1,000 MW of solar power, 102 of which come from nine plants already in operation and another 879 MW from authorized projects currently being developed. This capacity is in addition to the 853 MW already generated in Italy by EF Solare, thus bringing its total photovoltaic capacity to over 1,800 MW.

As part of the transaction, Cerberus has retained projects under development in Spain and agreed on asset management services with Renovalia, supporting Cerberus’ continued engagement in the sector.