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Solar Farm

WFW advises Obton on the acquisition of 15 MW photovoltaic plants in Italy

11 February 2013

Watson, Farley & Williams (“WFW”), a leading international law firm, has advised Obton A/S, a Denmark-based investment company, on its first investment in photovoltaics in Italy.

Advice provided by WFW included the incorporation under Italian law of several special purpose vehicles and the acquisition of PV plants located in different Italian regions with a total capacity of approximately 15 MW. The investment has been implemented through five separate share deals involving the Italian and foreign owners of the PV plants.

The WFW team was led by partners Elvezio Santarelli and Cristina Martorana, assisted by associates Carlo Cosmelli, Andrea Ceschina and Elena Martellucci on commercial and corporate matters; Rona Persichetti, Ginevra Biadico, Fabio Solimene, Lorenzo D’Alessandro, Nicola Cosentino and Marta Zilianti on due diligence activities; Francesco Dialti and Raffaele Villa advised on the financing and the tax aspects of the transactions respectively.