Watson Farley & Williams (“WFW”) has advised major player in the renewables sector in Italy on the development and purchase from Emeren Italia S.r.l. (“Emeren”) of an 82 MW agrivoltaic plant in Ramacca, Sicily.
The agreement covers the post-development acquisition and transfer of 100% of the corporate capital of Ramacca Agrisolar S.r.l., the renewable energy company that owns the relevant titles and rights to the Ramacca plant.
Emeren is a developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Currently, the company has over 2.5 GW of projects under development (mid- to early- stage), all backed by institutional investors’ capital.
The WFW Italy Corporate team that has advised the buyer was led by WFW Italy Head Eugenio Tranchino, Partner Elvezio Santarelli and Counsel Luca Sfrecola, supported by Associate Francesco Vanzaghi and Trainee Alice Zago. Our team worked closely throughout the transaction with Lawyer Silvia Fortini.
Emeren were advised by a team from Baker & McKenzie Italy led by Energy Finance Partners Giorgio Telarico and Alberto Fornari, supported by Associate Francesco Ciociola and Junior Associate Camilla Bassi. They worked closely with Emeren’s inhouse legal team led by General Counsel Francesco Vita.