Watson Farley & Williams (“WFW”) advised flyRen Energy Group (“flyRen”) on the sale of its majority stake to Foresight Energy Infrastructure Partners II (“FEIP II”), a flagship energy transition fund managed by Foresight Group (“Foresight”).
This investment, which represents a strategic milestone for FEIP II, will support flyRen’s growth and transformation into an independent power producer contributing to Italy’s transition towards a low-carbon economy.
Headquartered in Turin, flyRen is a leading player in Italy’s renewable energy market, operating across the full value chain, with a proven track record in developing and managing renewable energy projects. It boasts a pipeline of approximately 2.2 GW, including photovoltaic plants, stand-alone battery energy storage systems (BESS) and onshore wind projects. Foresight is a leading investment manager in real assets and capital for growth, operating across Europe, Australia and the United States.
The WFW Italy Energy team that advised flyRen was led by Counsel Arianna Neri, supported by Associates Francesco Vanzaghi, Sonia Basso and Alessandra Genua. Administrative law advice was provided by Partner Giannalberto Mazzei. The team worked closely with flyRen’s inhouse legal counsel Diego Bonetto throughout the transaction.
Foresight was advised by Ashurst.
