Partners Group acquires thirteen solar power plants in Italy
Partners Group has bought 13 operational solar-power plants in Italy and plans to acquire more.
The Swiss private equity manager acquired assets with a combined capacity of 26 megawatts in two deals from different sellers, one of them including Renovalia Energy SA. According to sources, Partners expects returns of 11 - 15 %.
The company said in an email statement that the plants will be the first in a series of expected acquisitions to build out a solar power platform in Italy, with focus in northern and central Italy.
The acquisition includes 10 generators near Rovigo and three plants in the Lazio region. The plants are selling power to the grid under 2010 and 2011 feed-in-tariff regulations.
In January 2014, Partners Group announced that its Partners Group Global Infrastructure 2012 program, had closed at €1 billion. The fund is the largest dedicated infrastructure vehicle ever raised by the firm. The company also said it has partnered with Equis Funds Group to develop a dedicated Japanese solar platform with US$250 million to invest.
The firm bought a majority stake in Mexican gas transportation business Fermaca valued at approximately US$750 million, also in January 2014.
Country news
-
-
April 30, 2014
Financial close for Florence tram refinancing
MPS Capital Services, the Corporate and Investment Bank of Gruppo Montepaschi, has acted as lead arranger, custodian bank and agent bank for the €166 million refinancing of a public private partnership for construction and management of lines 2 and 3 of Florence tramway system. Read more -
May 15, 2014
Abertis acquires Italian mobile towers
Abertis has reached an agreement with Atlantia to buy its subsidiary TowerCo, which operates the mobile telecommunications towers on Italy's toll road network. The transaction, that has been completed for a total of €94.6 million, is expected to be closes in the next weeks. Read more -
June 13, 2014
Ambienta holds third fund close at 250m
Environmental-focused private equity firm Ambienta has reportedly hold another interim close for its latest fund, Ambienta II. Read more -
August 04, 2014
Financing signed for waste PPP project in Italy
Banco di Napoli (Intesa Sanpaolo Group) has provided a €10 million loan to Desag Ecology S.c.a.r.l., a subsidiary of De Vizia Transfer SpA, for the development of a waste-to-energy PPP project in the municipality of Codroipo, Italy. Read more -
August 05, 2014
Avellino hospital facility closes financing in Italy
A Pessina Costruzioni led consortium has closed financing for the PPP project to develop ancillary facilities at the new Avellino hospital in the Campania region of southern Italy. Read more
