SR Investimenti acquired a 10MWp solar PV portfolio from a fund managed by InfraRed Capital Partners. SR Investimenti also completed a refinancing of the assets.
The portfolio consists of 10 ground-mounted solar PV plants, each of about 1MWp capacity, located in Apulia region. All plants have been operational since 2010 and benefit from the “II Conto Energia” GSE incentive scheme. The plants, owned by three different SPVs, were partially financed through a single senior facility provided by Unicredit.
In conjunction to the acquisition, SR reached an agreement with Banco BPM S.p.A. (“BBPM”) and MPS Capital Services – Banca per le Imprese S.p.A. (“MPS CS”) for the refinancing of the whole portfolio.
Antonio Urbano, CEO of SR added: “This acquisition is an important milestone in line with SR Investimenti consolidation strategy to reach 100MW of solar operating PV plants, while codeveloping about 300 MW of new capacity of utility scale photovoltaic plants. The company strategy will benefit of the new EU Green Deals Guidelines, which will support an important wave of new investments in Renewables”.
SR Investimenti was advised by Prothea while InfraRed Capital Partners was advised by L&B Partners. SR Investimenti is backed by funds managed by Pioneer Point Partners LLP, the leading European infrastructure investor in the energy sector.