Ashurst advises First Reserve on the sale of its SunReserve solar plants
Ashurst advised the private equity firm First Reserve on the sale of its Italian solar PV assets of SunReserve to Tages Helios, an infrastructure fund managed by Tages Capital SGR, established to invest in the Italian photovoltaic sector.
The portfolio comprises nine solar parks with a total power capacity of 101 MW and includes the Rovigo plant, one of the largest in Europe with a capacity of about 70 MW in an area of over 850 thousand square meters. Overall, the portfolio generates about 135 GWh per year.