Sunwin Energy has entered into a framework agreement with a major European energy company to sell a 375MW Italian solar portfolio.
The portfolio consists of 15 ground-mounted photovoltaic projects ranging between 10MW and 75MW and based at industrial sites, landfills and agro-photovoltaic projects, among others.
Their ready to build dates are between 2023 and 2026.
German consulting company Capcora acted as the exclusive M&A advisor on the deal, with Bird and Bird acting as a sell-side legal advisor.
“We are pleased to enter into this new partnership with an international and reputable player for a significant part of our 1GW-portfolio in development. The cooperation strengthens our position as an experienced greenfield developer in the dynamic Italian market,” said managing director at Sunwin Energy Lars Konersmann.
“This transaction gives us the necessary financial capabilities and at the same time we keep our agility as an independent developer.”
Capcora Director Henning Prigge added: “We are glad to support this transaction in Italy underlining our strong position in the market. With an expected deployment of 5.1GW in 2022 with a lion share of solar power, Italy is back among the leading renewable energy markets in Europe providing a great outlook for solar investments.”