Watson Farley & Williams (“WFW“) has advised Capital Stage, Germany’s largest independent solar park operator listed on the SDAX of the Deutsche Börse, on the signing of an agreement to acquire four Italian solar parks with a total capacity of 16.9 MWp in the Piedmont region (northern Italy) from an undisclosed Spanish vendor. The total investment value of the acquisition, including project debt, amounts to circa €65.4m.

The agreement, which marks the beginning of an ongoing investment process based on a long-term strategic partnership between Capital Stage and German insurance group Gothaer, brings the former’s total PV generating capacity in Italy to over 100 MWp.

The Rome-based WFW corporate team advising Capital Stage was led by partner Tiziana Manenti, assisted by Counsel Luca Sfrecola and associate Cristina Betti. WFW also advised on the regulatory and real estate aspects of the transaction.