Global law firm Norton Rose Fulbright has advised Tages Capital SGR, on the acquisition of 35 photovoltaic plants from Maccaferri Group and other shareholders. The acquisition comprised the entire corporate capital of Finsolar S.r.l., Sicilia Solare S.r.l., FTV Apea S.r.l., Pietrafitta FV S.r.l. and Società Agricola Sintonage a r.l. (the “SPVs”).

The SPVs own a portfolio of 25 ground-mounted photovoltaic plants and ten photovoltaic greenhouses with an overall capacity of 51.2 MWp, which is one of the largest in Italy.

Tages Capital SGR is a management company of the reserved closed real estate investment fund denominated Tages Helios. Tages Helios is the first infrastructure fund launched by Tages Capital that is entirely dedicated to the Italian photovoltaic sector and this transaction confirms the company’s leadership in Italy.

Luigi Costa, senior associate in Milan, Norton Rose Fulbright, comments:

“This is the third successful solar acquisition in Italy for Tages. We have advised Tages and its leading team on all of these transactions and are delighted to see that with the portfolio reaching 208 MW, the Tages Helios fund is confirmed as the third largest operator in the increasingly competitive Italian renewable energy market.”

The Norton Rose Fulbright team advising Tages Capital consisted of partner Arturo Sferruzza, led by senior associate Luigi Costa and included senior associate Marcello Ciampi and associate Ginevra Biadico.