Prothea successfully advises on the acquisition of a 16,3MWp Italian solar PV portfolio

Prothea is pleased to announce completion of a multiple assets transaction in the Italian solar energy sector for a total power capacity of 16,3MWp

A strategic partnership between Econergy and Equitix successfully completed the acquisition of the portfolio from a UK based clean tech fund. The transaction was executed by means of transfer of the 100% shareholding of the seller's Investment Company, holding quota in the five Italian project companies.


The portfolio includes nine solar PV plants and benefits from Italian subsidies, in the form of feed-in-tariff. A mix of leasing and project financing facilities by primary Italian Banks originally financed the projects.

Prothea was involved in the transaction as M&A and financial advisor of the buyers while the legal due diligence activities on the plants and the companies were appointed to the law firm Agnoli & Giuggioli ("A&G"), leaded by the lawyers Giulio Giuggioli and Roberta Ardigò. The technical Due Diligence was performed by Moroni & Partners. Prior to the completion of the transaction, Prothea and A&G assisted the buyer in the negotiation and underwriting of R&W Insurance with AIG.

David Armanini, Managing Director of Prothea: "The acquisition of such an articulated portfolio in terms of technologies, financing arrangements and transaction structure required strong analytical, managerial and problem solving skills. We are delighted to have assisted again Econergy in expanding its Italian solar portfolio and Equitix in completing its first investment in the sector in Italy. We intend to work together more closely in the future and are currently reviewing further opportunities for cooperation"


ABOUT US
Prothea was established in 2007 as an independent investment bank based in Milan providing advisory and asset management services in the renewable energy and infrastructure sector. Over the last five years, Prothea executed transactions with a total value of approximately Euro 1.0 billion, advising primarily institutional investors both Italian and International. Today Prothea is a market leader in the renewable energy sector and in the infrastructures, water and environmental sectors. Prothea management team includes professionals with highly complementary skills coming from advisory firms, companies involved in the specific sectors, international public institutions in the natural resources sector, investment banks and private equity firms.

Featured Product

Solar FlexRack - TDP Turnkey Tracker

Solar FlexRack - TDP Turnkey Tracker

Solar FlexRack TDP™ Turnkey Trackers are the next generation, single-axis solar tracker solution, complete with comprehensive services and support. What sets this tracking solution apart is its updated tracking technology bundled with a full suite of best-in-class project services and support for commercial and utility-scale solar customers. The TDP Turnkey Tracker offers the lowest total cost solution by providing the only tracker in the industry that includes full design, installation, commissioning, and support services bundled in one contract. Solar FlexRack's TDP Solar Tracker solution is supported by an in-house team of experts that includes mechanical, structural, civil, electrical and geotechnical engineers and geologists. To learn more about Solar FlexRack's TDP Turnkey Tracker, one of the most cost-effective and comprehensive tracker solutions available, please visit: http://solarflexrack.com/products/tracker.