European Energy has signed an agreement for Sosteneo SGR to acquire a 68MW solar farm in Italy.
The project, which extends over an area of 135 hectares, is located in Ramacca, Sicily.
The agreement provides for the acquisition of 100% of the shares of the special purpose vehicle Ramacca Energia srl by Sosteno.
Director and country manager of Italy at European Energy Alessandro Migliorini said: “We are very proud to have concluded this agreement with a specialized fund like Sosteneo, a company which also includes Generali Investment in its shareholder structure, because it constitutes not only a further recognition of the quality of our plants but also testifies to the ability of the European Energy team to dialogue with leading players in the Italian economic and financial panorama who are attentive to developments and the achievement of the goals of the green deal.”
European Energy was assisted in the operation by the legal advisor Green Horse and the technical advisor EOS.