Osborne Clarke advised SEL Srl, a company forming part of the SEL Group, the main producer of hydroelectric energy in Alto Adige and operating in the generation. distribution and sale of electricity, in its acquisition from Green Utility S.p.A. of 80% of the share capital of the company Selsolar Rimini S.r.l., owner of the largest integrated pv plant with innovative technical characteristics in Italy, and nominal power of 4,33 MWp, located on the roofs of the exhibition halls of the Rimini trade fair.

Osborne Clarke's team was led by Piero Viganò and included Paola Mocci and Mariano Casazza. Green Utility's legal team was led by Silvio Gentile, Chairman of the Consiglio di Gestione.

The SEL Group based in Bolzano, is the main producer of hydroelectric energy in Alto Adige and one of the Region's main energy companies, offering a full range of energy services (electricity, gas, distribution of energy and heat). SEL is controlled by the Autonomous Province of  Bolzano holding a share of approx 94% while the remaining 6% belongs to SELFIN Srl , a company owend by 102 boroughs in Alto Adige and 4 district boroughs.

Green Utility has been active since 2007 in Italy and abroad as a producer of energy from renewable sources for public and private entities offering itself as a partner in the realisation of tailor-made  energy solutions using only renewable sources and energy efficient systems that are highly environmentally friendly.

Piero Viganò, head of the Energy & Utilities team in Italy said, “the incredible effect of solar power within the energy system is further confirmed by this deal in which the investor was a utility company attracted by the value of a well-constructed plant and the possible commercial developments of its generation from renewable sources, despite a regulatory context that is both changeable and complex”.