Swisspower Renewables Sells Hydropower and Wind Assets in Italy to Kelag International, Including 40% Stake in Remaining Portfolio
Swisspower Renewables has closed a transaction with Kelag International in Italy, comprising the full sale of eight hydropower plants and one wind asset, and a 40% stake in a remaining portfolio of 29 hydropower plants and two wind assets. The deal strengthens Swisspower's financial flexibility and lays the foundation for a long-term partnership in Italy.
Transaction date: · Source: linkedin.com
Key facts
- Transaction date
- Technology
- Hydropower, Onshore Wind
- Transaction price
- Not disclosed
- Buyer
- Kelag International
- Seller
- Swisspower Renewables
- Country
- Italy
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
Transaction comprises two parts: (1) full sale of eight hydropower plants and one wind asset; (2) sale of a 40% stake in a remaining Italian portfolio of 29 hydropower plants and two wind assets. Exact capacity not disclosed.
Additional information
Swisspower Renewables was advised by L&B Partners S.p.A., Parola Associati, Rothschild & Co, ZOLLET Ingegneria and KPMG Italy. Transaction strengthens Swisspower Renewables' financial flexibility and supports investment in its development pipeline. Following the transaction, Kelag International becomes a long-term collaboration partner in Italy. Swisspower Renewables has approximately 55 MW of projects under construction and plans to accelerate growth in wind, hydropower and solar. Source is a LinkedIn company post; no dedicated press release URL available.
Source
Original announcement: https://www.linkedin.com/company/swisspower-renewables/posts/?feedView=all