Watson Farley & Williams advised Belenergia on the sale of 65% equity interest in seven special purpose vehicles that own 18 photovoltaic facilities, with an overall installed capacity of circa 20 MW to ACEA Spa.
The plants are eligible for Conto Energia incentives.
Belenergia is one of the main players in the European renewable energy sector, including solar, wind and biomass.
Listed on the Italian Stock Exchange since 1999, ACEA Spa is a leading multi-utility company active in the management and development of networks and services in the water, energy and environmental sectors.
The WFW Italy team advising Belenergia was led by Italy Head Eugenio Tranchino (Picture) supported by Counsel Luca Sfrecola, Associate Giovanni Benedetto and Trainee Antimo Nersita.
Orrick advised ACEA on the deal with a team led by partner Carlo Montella, assisted by Of Counsel Andrea Gentili and Pina Lombardi, Associate Paola Alberta Esposito and Trainees Vittoria Nalli and Edoardo Mencacci.
Involved fees earner: Paola Alberta Esposito – Orrick; Andrea Gentili – Orrick; Pina Lombardi – Orrick; Edoardo Mencacci – Orrick; Carlo Montella – Orrick; Vittoria Nalli – Orrick; Giovanni Benedetto – Watson Farley & Williams; Luca Sfrecola – Watson Farley & Williams; Eugenio Tranchino – Watson Farley & Williams;