Gianni & Origoni and Watson Farley & Williams in Financing One of Italy's Largest Photovoltaic Portfolios

Gianni & Origoni advised UniCredit and Watson Farley & Williams advised Encavis AG in connection with the financing for the acquisition of one of Italy’s largest photovoltaic portfolios. The transaction concerns the financing of the acquisition by Encavis AG, a leading German operator in the European renewable energy market with participation by KKR, of a portfolio comprising five large operational photovoltaic plants located in Lazio and Puglia with a combined capacity of approximately 248 MW. The portfolio was previously held by the EDP group. The scope of the project also foresees the installation of an additional c.17 MW in Lazio. The plants are supported by power purchase agreements (PPAs) and/or incentive mechanisms intended to ensure revenue stability. Gianni & Origoni represented client UniCredit with a team composed by: Ottaviano Sanseverino (Partner, Energy & Infrastructures) who led the department; Arrigo Arrigoni (Partner, coordinated the team); Antonio Amoroso (Senior Counsel, supporting finance documentation); and associates Filippo Sicchiero, Matteo Tulli and Ilaria Demagistri (finance documentation). Francesca Staffieri (Partner, Tax) advised on the tax aspects of the operation. Watson Farley & Williams represented client Encavis AG with a team composed by: Matteo Trabacchin (Partner, Finance) who led the Finance team, supported by associates Francesca Angelilli, Dario Matrecano and Tommaso Nicola Lacalaprice (Finance).

Gianni & Origoni and Watson Farley & Williams in Financing One of Italy's Largest Photovoltaic Portfolios

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