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.
Country updates
-
-
March 25, 2020
Canadian Solar, Manni Energy finalize sale of 17.7 MWp solar PV project in Sicily to Sonnedix
Canadian Solar Inc. and Manni Energy have closed the sale of a 17.7 MWp portfolio in Italy to Sonnedix. The companies expect to recognize revenue from the sale in the first quarter of 2020. The portfo...
Read more -
March 13, 2020
Alerion completes the acquisition of three wind farms in Southern Italy
Alerion Clean Power S.p.A. approved and finalized the acquisition of the entire share capital of FW Holding S.r.l. (FW), owner of two wind parks in operation, with a total installed capacity of 90 MW...
Read more -
March 03, 2020
Tages Helios II reaches EUR104m second close, acquires 14.5 MW Italian solar portfolio
Tages Capital SGR has achieved EUR104 million (US$115.89 million) second financial close for its Tages Helios II fund that seeks to invest in solar energy projects in Italy. The Fund has also c...
Read more -
February 11, 2020
Eni opens 31 MW Porto Torres solar PV project in Sassari
Eni New Energy, a subsidiary of Eni, has opened its new photovoltaic park in Porto Torres. The plant has a capacity of 31 MW and was developed on areas owned by Eni Rewind, Eni’s environmental c...
Read more -
January 31, 2020
F2i launches sale of minority stake in EF Solare Italia
Italian private equity firm F2i SGR SpA has launched the sale of a 30% minority stake in the EF Solare Italia. EF Solare Italia owns solar assets in Italy with a combined capacity of more than 850 MW...
Read more
