WFW advises banks on transfer of original €280m financing of four wind farms

15 December 2016

International law firm Watson Farley & Williams (“WFW“) advised a syndicate of twelve domestic and international banks on a complex transaction relating to the transfer of the original €280m financing of four wind farms with a total capacity of circa 180 MW in Italy (Apulia and Campania regions) owned by Daunia Wind S.r.l (“Daunia Wind”). The transaction was successfully closed within a planned six month period from June to November 2016.

Rome-headquartered Daunia Wind is jointly owned by Margherita S.r.l. – which specialises in the manufacturing, development, and management of renewable energy generation plants – and Tre & Partners S.p.A, which invests in in wind farms, hydroelectric and solar projects in Italy and is wholly owned by French private equity fund Ardian.

The WFW Italy team was led by finance Partner Pierpaolo Mastromarini, assisted by Senior Associate Michele Arruzzolo and Associate Daniele Pompei. Counsel Giuseppe Franch advising on the tax aspects of the transaction.