F2i enters agreement with Cerberus Capital Management for Renovalia sale

F2i, the leading Italian infrastructure fund, announced that it has reached an agreement with Cerberus Capital Management to acquire the Spanish solar energy operator Renovalia Energy Group. 

The acquisition, made by the fund's EF Solare subsidiary, involves about 1,000 Megawatts of solar power, 102 of which come from nine plants already in operation and another 850 Megawatts from projects currently being developed.

This capacity is in addition to the 853 Megawatts already generated in Italy by EF Solare, thus bringing its total photovoltaic capacity to over 1,800 Megawatts, making the Italian group one of the top solar energy producers in Europe (the current number one, in fact, manages an installed capacity of 1,500 Megawatts). 

The acquisition represents further growth in renewable energy for the Fund - which is also active in wind energy with about 1,000 Megawatts of installed capacity - confirming it as the leader in Italy in the generation of non-programmable renewable energy and among the first in Europe. 
With this transaction, EF Solare enters the promising Spanish solar energy market, which is consistent with the 2019 business plan.