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Photovoltaics in Italy: Sunwin Energy Sells 375 MW Solar Portfolio

Frankfurt am Main, Germany - European project developer Sunwin Energy has sold a large Italian PV project portfolio. The buyer is an undisclosed large listed energy company in Europe.

The portfolio Sunwin Energy has developed in Italy over the last years consists of 15 ground-mounted photovoltaic projects. The individual projects range in size from 10 to 75 MW and are expected to be completed between 2023 and 2026. The mid-stage projects are well diversified including industrial sites, landfills and agro-photovoltaic projects. Capcora, a German consulting company, has acted as the exclusive M&A advisor in this agreement. Bird and Bird acted as a sell-side legal advisor.

"We are pleased to enter into this new partnership with an international and reputable player for a significant part of our 1GW-portfolio in development. The cooperation strengthens our position as an experienced greenfield developer in the dynamic Italian market. This transaction gives us the necessary financial capabilities and at the same time we keep our agility as an independent developer”, says Lars Konersmann, Managing Director at Sunwin Energy.

"We are glad to support this transaction in Italy underlining our strong position in the market. With an expected deployment of 5.1 GW in 2022 with a lion share of solar power, Italy is back among the leading renewable energy markets in Europe providing a great outlook for solar investments", says Henning Prigge, Director at Capcora, who advised Sunwin on this M&A transaction.

Sunwin Energy is a European project developer with 200 employees and offices in Switzerland, Germany, Spain, Romania and Italy. The Sunwin Group develops greenfield PV power plants as well as biomethane and storage projects. Sunwin is an international initiative of the Swiss development and consulting company "Energie Zukunft Schweiz AG (EZS)" based in Zurich and Basel.

Source: IWR Online, 24 Nov 2022