IKAV Global Energy S.à r.l. acquires seven photovoltaic plants in Italy

IKAV Global Energy has acquired seven rooftop photovoltaic plants from REC Systems Italy.

The rooftop plants have an installed capacity of 4.5 MWp and are located in Piedmont, Italy.

Watson, Farley & Williams (WFW) advised IKAV and its investment advisor ecoprime GmbH on the drafting and negotiation of the project contracts, including the sale and purchase agreement of the shares in the five special purpose companies holding the photovoltaic plants. The firm also advised on the amendments to the EPC-contracts and O&M-agreements.

The transaction was led by WFW Munich Corporate/Energy partner Daniel Marhewka. IKAV was further assisted by CMS on aspects of the due diligence. WFW lead partner Daniel Marhewka says:

We are delighted that we were given the opportunity to advise IKAV anew on the acquisition of solar farms in Italy. This is the third energy transaction IKAV have instructed us on in the past 12 months, highlighting our strong relationship with the client, who benefits from our local expertise and close working cooperation between our German and Italian offices.