Private equity firm First Reserve’s SunReserve subsidiary has sold nine solar plants in Italy totalling 101MW to infrastructure fund Tages Helios.
The plants, which include the 70MW Rovigo facility, generate about 135GWh a year of electricity.
Tages Helios is managed by Tages Capital SGR and was established to invest in the Italian photovoltaic sector.
The Milan-based team of law firm Ashurst advised First Reserve on the deal.
The Ashurst team was led by energy partner Carloandrea Meacci, who was also assisted by senior associate Annamaria Pinzuti on the M&A aspects of the transaction.
Counsel Elena Giuffré and associate Pamela Infantino advised on the administrative law aspects; associate Federica Perial advised on the financing and associates Rosario Morasca and Andrea Semmola covered project contracts.
Image: Morgue File
First Reserve offloads Italian PV
Nine projects totalling 101MW sold to infrastructure fund Tages Helios
By EBS