AEGA ASA’s Acquisition Of Two Solar Parks In Sardinia, Italy

Deloitte Legal advised AEGA ASA in the signature of the final transaction agreement with 3T S.r.l. to buy two 1 MWp solar parks in Sardinia, Italy. Grimaldi Studio Legale assisted the sellers.

Both of the 1 MWp solar parks in Sardinia are elevated ground mounted power plants, benefitting from Conto Energia 4. Feed-in tariff end is 14 years from cut-off date for Rio Verde S.r.l., and 13 years from cut-off date for S.T.A. S.r.l., out of their respective 20-year concession period. Both plants are expected to deliver an internal rate of return (IRR) in line with Aega’s current assets and the group’s overall investment target.

The two new parks are located close to Villapiana Fotovoltaico S.r.l., a solar power plant acquired by Aega last year. Aega thereby has a cluster of three parks in Sardinia.

Fabio Buonsanti has led the process from Aega’s side. He has been assisted by the legal team of Deloitte Legal Italy lead by Managing Associate Emanuele Bottazzi alongside Associate Manuel Marangoni.

Grimaldi Studio Legale advised the sellers – holding 3T S.r.l. and Gas Più S.r.l. – with a team led by Partner Sergio Massimiliano Sambri (Picture) and Associate Sara Marini.

Involved fees earner: Emanuele Bottazzi – Deloitte Tax & Legal; Manuel Marangoni – Deloitte Tax & Legal; Sara Marini – Grimaldi Studio Legale; Sergio Massimiliano Sambri – Grimaldi Studio Legale;

Law Firms: Deloitte Tax & Legal; Grimaldi Studio Legale;

Clients: 3T S.r.l. (Meda Terzini Family); Aega ASA; Gas Più S.r.l.;

Author: Federica Tiefenthaler