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Vestas has sold a 656MW wind portfolio to Italian renewable energy producer PLT Energia.
The transaction of the projects developed by Vestas shows the company’s commitment to increase the volume of viable wind projects in the industry and attract more investment into renewable energy in strategic markets like Italy.
Rothschild & Co acted as sole financial adviser to Vestas, while L&B acted as its legal advisor. BonelliErede acted as legal advisor and Fichtner as technical advisor for PLT Energia.
“It is a source of pride for us to have concluded this deal with Vestas, a leading global operator with whom we have been collaborating for years, with great satisfaction, in the realisation of wind power plants,” said Chairman of PLT Holding Pierluigi Tortora.
“It is a pleasure to do business with a solvent and capable partner as PLT Energia that will continue investing in developing these projects, which are designed for Vestas technology. Vestas Development will continue with its effort to originate a high-quality pipeline in Italy,” said Senior Vice-president Development EMEA & LATAM, Inigo Sabater.
“This is a major milestone in our project development efforts, and it underlines how we can leverage our development portfolio to strengthen the collaboration with Vestas’ customers”.
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