Global law firm Norton Rose Fulbright has advised Tages Capital SGR, on the acquisition of 35 photovoltaic plants from Maccaferri Group and other shareholders. The acquisition comprised the entire corporate capital of Finsolar S.r.l., Sicilia Solare S.r.l., FTV Apea S.r.l., Pietrafitta FV S.r.l. and Società Agricola Sintonage a r.l. (the “SPVs”).
The SPVs own a portfolio of 25 ground-mounted photovoltaic plants and ten photovoltaic greenhouses with an overall capacity of 51.2 MWp, which is one of the largest in Italy.
Tages Capital SGR is a management company of the reserved closed real estate investment fund denominated Tages Helios. Tages Helios is the first infrastructure fund launched by Tages Capital that is entirely dedicated to the Italian photovoltaic sector and this transaction confirms the company’s leadership in Italy.
Luigi Costa, senior associate in Milan, Norton Rose Fulbright, comments:
“This is the third successful solar acquisition in Italy for Tages. We have advised Tages and its leading team on all of these transactions and are delighted to see that with the portfolio reaching 208 MW, the Tages Helios fund is confirmed as the third largest operator in the increasingly competitive Italian renewable energy market.”
The Norton Rose Fulbright team advising Tages Capital consisted of partner Arturo Sferruzza, led by senior associate Luigi Costa and included senior associate Marcello Ciampi and associate Ginevra Biadico.
Notes for editors:
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 4000 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients.
Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.
For more information, see nortonrosefulbright.com/legal-notices