Ashurst advised the financiers and the institutional investors (bondholders) in relation to  the sale of Etrion Corporation's  Italian solar portfolio to EF Solare Italia, a joint venture owned equally by Enel Green Power S.p.A. and Fondo Italiano per le Infrastrutture "F2i".

EF Solare Italia purchased Etrion S.p.A., which owns 60MW of Etrion’s total portfolio in Italy, for a cash consideration of approximately €73 million and the projects' debt assumption for €198 million in relation to the transaction that was completed on 12 December 2016.

The Ashurst team was led by energy partner Carloandrea Meacci, assisted by associates Andrea Semmola and Edoardo Bononi, all based in Milan.