Energy: F2i, acquisition of Spanish solar operator Renovalia

Controlled Ef to reach over 1,800 MegaWatt in Europe

23 April, 16:34

    (ANSAmed) - MILAN, APRIL 23 - F2i, the leading Italian infrastructural fund, has announced that it has reached an agreement with Cerberus Capital Management to acquire the Spanish solar energy operator Renovalia Energy Group. The acquisition, made by the fund's EF Solare subsidiary, will create one of the main solar energy groups in Europe, with a total photovoltaic capacity to over 1,800 Megawatts.

    Renovalia is one of the main solar operators of the Spanish market, with over 1,000 Megawatts of solar power, 102 of which come from nine plants already in operation and another 850 Megawatts from projects currently being developed. This capacity is in addition to the 853 Megawatts already generated in Italy by EF Solare, which will bring its total photovoltaic capacity to over 1,800 Megawatts, making the Italian group one of the top solar energy producers in Europe.

    Renovalia will be entirely controlled by Italian company Ef Solare and José Manuel Olea will be confirmed as CEO. Cerberus has maintained in Spain some projects for which Renovalia will continue to provide technical managerial services to favor their development.(ANSAmed)
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