WFW advises CIP in partnership with GreenIT on agreement to develop 2 GW Italian floating offshore wind projects24 March 2023
The projects will have an overall installed capacity of approximately 2 GW.
The projects will have an overall installed capacity of approximately 2 GW.
The plants will each use circa 54,000 tonnes of compost annually.
The portfolio comprises four PV projects in Italy, three in Spain and one in Germany.
The portfolio comprises six solar PV parks located in Piedmont in northern Italy.
The two plants are estimated to be operational by 2025 and will have a capacity of circa 20.4 MW and 51.2 MW.
Watson Farley & Williams has advised Iberdrola Renovables Italia S.p.A. on the preparation and negotiation of an investment agreement, including related services and shareholder agreements, to establish iCube Renewables, a joint venture with Innovo Group S.r.l., for the development of renewable energy projects in Italy including photovoltaic plants, wind farms and battery storage facilities.
The agreement covers the post-development acquisition and transfer of 100% of the corporate capital of Ramacca Agrisolar.
Both projects are located within Italy’s maritime exclusive economic zone.
The portfolio comprises three under-development ground-mounted photovoltaic projects to be built in the Tuscany and Sicily regions.
The wind farm, located in Merindad de Valdeporres in the Spanish region of Castille & Leon, has been fully operational since 2005.
Tecnoservizi is an Italian company that operates in the mechanical treatment and recovery of recyclable urban waste.
The projects will help Italy achieve its target of installing around 6-7 GW of renewable energy capacity annually by 2030.