An Ashurst cross-border team from London and Milan has advised Basalt Infrastructure Partners on the launch of Mareccio Energia ("Mareccio"), a platform for the aggregation of small scale operational Italian solar parks. Mareccio has been established with the initial objective of acquiring 100MW of assets.

Infrastructure partner Jason Radford led the Ashurst team and was assisted by fellow partner Carloandrea Meacci with associates Gaby Jones, Peter Grayson, Anthony Gray, Annamaria Pinzuti, Elena Giuffrè, Fabio Balza, Flavia Calò and Nicole Williams.

Commenting on the transaction, Jason Radford noted:

"Having known the Basalt team for many years, I am delighted that we have closed our first deal for them. Platform transactions of this nature are very much in demand in the infrastructure sector at the moment and Basalt is to be congratulated on securing an attractive and exclusive opportunity to establish an Italian platform with considerable opportunity for growth."

Rob Gregor, Managing Partner at Basalt noted:

"We have received excellent support from the Ashurst team and have been delighted with the way in which they have created a multi-jurisdictional team combining their leading solar practices in the UK and Italy to provide Basalt with the sector and market knowledge that we value. It has been a pleasure working with the team."