The portfolio comprises four PV projects in Italy, three in Spain and one in Germany.
The wind farm consists of 22 wind turbines and can produce an average of 100 MWh of electricity per year.
Solar Italy XVI owns the permits to develop a photovoltaic plant in the Sicilian municipality of Santa Croce near Camerina.
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 sale was approved by the Italian Ministry of Ecological Transition which was the final condition to be satisfied in the sale and purchase agreement entered into between the parties.
The PPA covers 17 projects in the Spanish regions of Teruel, Zaragoza, Badajoz, Cuenca and Valladolid, which will collectively generate enough energy to supply more than 450.000 homes per year.