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17 Dec 2025

Foresight Takes Majority Stake in FlyRen Energy Group with Ashurst and WFW as Legal Advisors

"Ashurst advised Foresight Energy Infrastructure Partners II (FEIP II) in acquiring a majority stake in Italian renewables operator FlyRen Energy Group, which was advised by Watson, Farley & Williams. FlyRen, based in Turin, has a c.2.2 GW pipeline including PV, standalone BESS and onshore wind. The transaction supports FEIP II’s European expansion and FlyRen’s development toward an IPP model."

Ashurst advised Foresight Energy Infrastructure Partners II (FEIP II), the energy-transition fund managed by Foresight Group, while Watson, Farley & Williams (WFW) advised FlyRen Energy Group in connection with the transaction. The transaction sees FEIP II acquire a majority interest in FlyRen Energy Group, an Italian operator in the renewable energy sector. Headquartered in Turin, FlyRen is a fully integrated platform across the renewables value chain with a strong track record in project development and asset management. The group has a pipeline of approximately 2.2 GW, comprising photovoltaic plants, standalone battery energy storage systems (BESS) and onshore wind projects. The acquisition represents a strategic milestone for FEIP II as it seeks to strengthen its presence in Europe and support Italy’s transition to a low-carbon economy. The fund’s entry is also intended to support FlyRen’s growth and its evolution into an Independent Power Producer (IPP). Ashurst represented client(s) Foresight Energy Infrastructure Partners II (FEIP II) with a team composed by: partner Annamaria Pinzuti (team coordinator); senior associates Giorgio Sorci, Federico Piccione and Federica Formentin; associates Francesco Carrà and Marta Simoncelli; and trainees Gioacchino Vollono and Alessandro Galli. Administrative law matters were handled by partner Elena Giuffrè, supported by senior associate Gianluca Di Stefano, associates Marco Messina, Cecilia Bertanzetti and Francesca Sala, and trainee Matteo Perrone. Antitrust and FDI issues were addressed by partner Gabriele Accardo, with support from counsel Giulia Carnazza and associate Cecilia Ghinassi Carini. Watson, Farley & Williams represented client(s) FlyRen Energy Group with a team composed by: counsel Arianna Neri (corporate coordinator), associate Francesco Vanzaghi, and associates Sonia Basso and Alessandra Genua. Partner Giannalberto Mazzei handled administrative law aspects. The WFW team worked in close coordination with FlyRen’s in-house legal counsel, Diego Bonetto.
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