Quercus and Swiss Life acquire ASI and 77MW Italian PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
ASI has nine Italian solar projects with a value of EUR310 million. Flickr: Floris Oosterveld

Quercus Assets Selection, an investment company focusing on renewable energy, and Swiss Life Asset Managers, have acquired Antin Solar Investments (ASI) along with its 77.1MW solar PV portfolio in Italy through a competitive bidding process.

ASI has nine solar projects with a value of €310 million (US$339 million) spanning Lazio, Sicily and Puglia, which are regions with some of the highest irradiance in Europe. ASI is also the fifth largest solar operator in Italy, claims Quercus.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

This ASI portfolio will be acquired via a new vehicle named Quercus Swiss Life Italian Solar and the acquisition will increase Quercus’ energy portfolio to 266.5MW overall.

The transaction is expected to complete during Q1 of 2015.

Diego Biasi, co-founder and chief executive of Quercus said: “We are very proud to have emerged as the winning bidder in the highly competitive tender process for ASI, one of the best platforms available in the Italian market.

“The deal provides an excellent platform to capture additional growth opportunities as the PV market in Italy continues to consolidate. Italy has a very stable incentive policy and a focus on renewable sources that provides renewables with grid priority. It is therefore a very attractive market and Quercus will actively seek to further its involvement in the Italian market with equally ambitious deals that will also involve the wind sector.”

Read Next

June 5, 2024
Spanish renewables firm Elawan Energy has established a joint venture to develop 2GW of solar PV projects in Italy.
Premium
June 4, 2024
Earlier this month the agriculture minister, Francesco Lollobrigida, announced a plan to "put an end to the wild installation of ground-mounted photovoltaics" on land classified as agricultural land.
June 4, 2024
A report from Ember Climate notes that wind and solar generation in the EU have cut fossil fuel generation by one-fifth between 2019 and 2023.
May 28, 2024
The Italian solar sector installed over 1.7GW of solar PV capacity in Q1 2024, marking a significant increase compared with the same period in 2023.
May 7, 2024
The Italian government has banned solar PV installations on agricultural land in a move that the nation’s solar trade association said would cost Italy €60 billion (US$64.5 billion).
April 25, 2024
Enerside Energy has sold a project combining agrivoltaics (agriPV) and a battery energy storage system (BESS) in Italy to Chint Solar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia