Friday, December 22, 2017

Tages Capital SGR acquires 51MW of operating solar plants from Maccaferri Industrial Group for its Tages Helios Fund

Milano, 22 dicembre 2017 - Tages Capital SGR announced that the Tages Helios fund has subscribed a contract with SECI S.p.A. (Maccaferri Industrial Group) for the acquisition of a portfolio of 35 solar plants located in Puglia, Sicily and Emilia Romagna with an overall installed capacity of 51MW.
The portfolio's plants use primary technologies and were built directly by Enerray, a subsidiary of SECI Energia - the sector leader in Italy.
With this acquisition, the portfolio held by Tages Helios, with an installed capacity of 208 MW, generates a total of approximately 290 GWh per year, an amount of energy sufficient to meet the electricity needs of over 100 thousand households and allows about 152 thousand tonnes of annual CO2 emissions savings into the atmosphere.

Tages Helios Investment Fund is the first renewable energy fund launched by Tages Capital SGR, focused exclusively on the Italian photovoltaic sector and which has raised a total of €253M as of 22 June 2017 (final closing date).  Leading insurance companies (75%), pension and social security funds (10%), banking foundations (7%), banking institutions (3%), qualified private investors (3%) and Tages management (2%) constitute the final investor base breakdown. New subscribers included Aviva, an international insurance group, as well as Equiter, an important Italian investor in real estate infrastructure assets and part of the Intesa SanPaolo Group.

According to the consolidated operating plan, the plants will be managed by Delos Power, a partnership between Tages Helios and Renam – a leading Italian player in the management of renewable energy plants, with more than 400 MW under management – established for the purpose of managing plants acquired by the Fund. Operations and maintenance activities will continue to be carried out by Enerray.

With this transaction, the Tages Helios portfolio reaches the size of 208 MW, confirming the fund as the third operator on the Italian market.

Tages Capital SGR was assisted in the transaction by the law firm Norton Rose Fulbright, by Moroni & Partners for technical due diligence and by PwC for accounting and financial aspects.
The Maccaferri Industrial Group was assisted by Legance Avvocati Associati as legal advisor, REA reliable energy advisors as technical advisor and by Ernst & Young Italia for  theaccounting and financial aspects.

0 comments:

Post a Comment