Solar Farm

WFW advises IKaV Renewable S.à r.l on the acquisition of four photovoltaic plants in Sardinia

1 July 2013


Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised IKaV Renewable S.à r.l (IKaV) on the acquisition of four ground-mounted photovoltaic plants in Sardinia, Italy from REC Systems Italy S.r.l. The plants have a total capacity of 8 MWp.

IKaV is a Luxembourg investment fund specialized in the renewable energy sector. The acquisition is the latest transaction for IKaV on which WFW’s multi-disciplinary and international team has successfully advised.

WFW Germany and WFW Italy worked together on the entire acquisition including all cross-border legal, tax and due diligence aspects. Other key issues included the drafting and negotiation of the EPC contract amendments and O&M contracts, the share purchase agreement and the securities documentation in Italy.

The German-Italian team was led by the Corporate and Energy partner Daniel Marhewka (WFW Munich). He was supported by Corporate partner Eugenio Tranchino (WFW Milan/Rome), who managed the Italian angle of this acquisition, and Corporate associates Tiziana Manenti, Luca Sfrecola, Rona Persichetti (all WFW Rome) as well as Tax associate Raffaele Villa, Project and Structured Finance associates Micaela Tinti and Marta Zilianti (all WFW Milan).