We advised Kenergy Ventures BV on the formation and implementation of a joint venture agreement with Reden Development Spain S.L. to develop photovoltaic projects in Spain. This joint venture is the first step in a long-term alliance between Kenergy and Reden Solar to develop renewable energy projects in Spain.
The 22.3 MW portfolio, located in the seven Italian regions of Molise, Piedmont, Calabria, Abruzzo, Marche, Lazio and Puglia, comprises eighteen photovoltaic plants under the Italian Conto Energia (feed-in tariff) scheme.
RPC is a pan-European renewable energy investment platform established in 2020 by Canadian Pension Plan Investment Board. This JV marks its entry into Spanish renewable energy market.
This transaction marks Blue Elephant’s entry into the Greek renewable energy market, and includes the largest operational solar park in Greece, with an overall capacity of 38 MWp.
The agreement will lead to the joint development, alongside medium-to-small local construction businesses, of solar pipelines in Italy with a combined installed capacity of up to 100 MW.
This financing follows Noy Fund’s recent acquisition of a majority stake in the Olmedilla plant, on which WFW also advised. The acquisition was Noy Fund’s first investment in Spain.
The photovoltaic plant is located in Cadiz, Spain, and will be operational in 2021. It is Everwood’s second merchant plant, with the financing representing a leverage of 62% on the project.
The targets were two SPVs that own authorisations for the construction and installation of eight rooftop photovoltaic plants located in the Lombardy, Veneto, Lazio and Marche regions in Italy.
Intesol Energie owns and operates the 1 MW Intesol photovoltaic plant in Ravenna, Emilia Romagna, Italy and benefits from feed-in tariffs under IV Conto Energia.
The 240 MW portfolio includes eight PV projects under development in the Dutch provinces of Overijssel and Limburg and five PV projects under development in Italy’s Apulia region.