Watson Farley & Williams (“WFW”) has advised Italian energy company Energia Rinnovabile Valtellineses S.r.l (“E.R.V.A.”) on the negotiation and drafting of binding agreements made in preparation for the acquisition of 100% of B.B.E. S.r.l.’s (“B.B.E”) shares from E.T.S. S.p.A. Engineering and Technical Services and Iniziative Energetiche Sostenibili S.r.l.

B.B.E. is an Italian company which owns five projects in the Lombardy region related to the construction, national grid connection and operation of run-of-river hydroelectric plants, namely the “Treviolo” and “Ponte San Pietro” projects to be built on Brembo river, and the “Seriate (Roggia Vecchia)”, “Grassobbio (Fornacette)” and “Seriate (Ferrovia)” projects to be built on the Serio river.

The WFW team advising E.R.V.A. was led by Italian Managing Partner Eugenio Tranchino, assisted by Counsel Carlo Cosmelli and trainee Francesco Comaschi.