Milan – Paul Hastings LLP, a leading global law firm, announced today that it assisted Swisspower Renewable AG in the the acquisition of 27 plants for the production of power from renewable sources with an installed nominal capacity equal to about 73.0 MW.
Swisspower Renewable AG, by the means of the subsidiary Swippower Rinnovabili Italia, acquires 100% of Sorgente II S.r.l., which in turn owns 14 special purpose vehicles with 27 plants (21 hydroelectric plants, 3 PV plants and 3 wind farms) for a cumulative annual power generation estimated at about 200 GWh. Swisspower Group increases its market share in the production of power from renewable sources, up to a installed capacity equal to about 88 MW and an expected annual power generation equal to about 250 GWh.
The Paul Hastings team advising Swisspower Renewable AG on legal due diligence activities, deal structuring, preparation, negotiation and finalization of legal documentation was led by partner Lorenzo Parola, assisted by associates Susanna Granata and Teresa Arnoni.
Flavio Di Terlizzi and Gianguido Arcangeli, respectively L&B Partners S.p.A Managing Partner and Associate Partner, assisted by Riccardo Ciurlanti, Stefano Galbusera and Luca Marniga, acted for Swisspower Renewable AG as financial advisors.
The Sorgent.e Group has been assisted, for preparation, finalization, and legal documentation negotiation, by Studio Benessia-Maccagno e Bassilana.
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