The wind farm consists of 22 wind turbines and can produce an average of 100 MWh of electricity per year.
Located in the south of Italy, the plants produce of approximately 50 GW of energy a year.
The initial pipeline includes 18 photovoltaic projects under development in Sardinia, with a total capacity of approximately 83 MW.
The two projects, which are being built on land in a restriction-free zone, had previously been authorised for construction by the Lazio regional authorities.
Watson Farley & Williams has advised Blue Elephant Energy AG on its acquisition, via its subsidiary BEE Piemonte S.r.l, of a 4 MW portfolio comprising six solar PV plants located in Piedmont in northern Italy.
Gallo Due owns an operational 20.7 MW onshore wind farm in the municipality of Oppido Lucano in the southern region of Basilicata.
The Energy Decree introduces urgent measures for controlling electricity and natural gas costs, the development of renewable energy and the relaunch of industrial policies.
WFW has been involved with the Beleolico project since its inception in 2011, assisting Belenergia on due diligence phase and on the administrative aspects of the financing.
The transaction concerns the agreement between GreenIT and CI IV for the construction of two floating offshore wind farms in Sicily and Sardinia.
The ground-mounted photovoltaic project is currently under development in Sardinia and will have a total installed capacity of c. 30 MW upon completion.