Solar Farm

WFW advises SUSI Sustainable Euro Fund I on the acquisition of two photovoltaic plants

12 February 2014


Watson, Farley & Williams (“WFW”), an international law firm, is pleased to announce that it has advised SUSI Sustainable Euro Fund I, a renewable energy fund advised by SUSI Partners AG in Switzerland, on the acquisition, in joint venture with Plenium Partners S.L., of two ground-mounted PV plants, located in the Municipalities of Montalto di Castro (Province of Viterbo, Lazio Region) and Castel Giorgio (Province of Terni, Umbria Region) respectively, from Spanish company Nova Feina S.L. (“Nova”).

SUSI Sustainable Euro Fund I has acquired the two plants with a total nominal capacity of approximately 6 MW from Nova, part of the Spanish group ESA Renewables (“ESA”).

SUSI Partners AG is a socially and ecologically responsible Swiss investment advisor. SUSI supports its Luxembourg Fund Manager with investments in solar and wind parks in Europe and energy efficient retrofits of existing infrastructure and aims to produce stable and non-correlated annual distributions. SUSI Funds can replace other fixed income instruments for institutional investors who want to invest in sustainable infrastructure with a measurable positive impact on climate change.

The WFW team, led by partner Cristina Martorana, included Luca Sfrecola, who advised on the contractual and financial aspects, and Micaela Tinti, who dealt with administrative law issues.

The law firm Gianni Origoni Grippo Cappelli & Partners assisted the seller and UniCredit with respect to the waiver request issues and amendments to the financial documentation.

Cristina Martorana, partner in WFW’s Milan office, said: “This deal is proof that there are still solid projects available in the market for foreign investors as long as they are prepared to spend time untangling the complex intricacies of the current legislation and regulatory framework.”