Statkraft is expected to more than double the generation capacity of the portfolio going forward.
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.
The sold portfolio consists of eight projects located in northern France in areas selected specifically for high wind speeds, all with tier-1 manufacturers and full-service contracts.
Thanks to this acquisition, BayWa r.e. establishes its seventh office in France and strengthens its presence in the south western Occitanie region, where it already operates five solar farms.