(IN BRIEF) EOS Investment Management Group (EOS IM) and Lightsource bp have finalized the sale of six solar greenfield projects in Italy to EOS IM, adding a 294MW portfolio to their existing solar power assets in Italy. These projects, either permitted or in advanced development stages, are set to commence construction in the next year. This transaction allows Lightsource bp to reinvest and expand its presence in the Italian market while EOS IM strengthens its position as a leading independent investor in the Italian clean energy sector. The portfolio includes agri-photovoltaic initiatives, promoting biodiversity protection alongside eco-friendly power generation. The collaboration reflects a commitment to advancing the energy transition and the local economy in Italy.
(PRESS RELEASE) LONDON, February 1, 2024 — /EuropaWire/ — EOS Investment Management Group (EOS IM), an independent asset manager specialising in the promotion of select investment budgets focused on energy and sustainable transition, and Lightsource bp, a leader in solar project progression and control, have completed the sale of six new solar projects in Italy to EOS IM.
In particular, EOS IM, EOS ReNewable Infra Fund II, will incorporate the 294 MW portfolio into its existing solar assets in Italy.
The portfolio is currently licensed or at a complex level of development, and its structure is expected to begin within the next year.
The Lightsource bp transaction to reinvest and further expand its presence in the Italian market, where its 30 local employees are securing more than 1 GW of mature solar allocation opportunities and a significant energy portfolio in the country. This historic agreement EOS IM to consolidate its position as one of the largest independent investors active in the Italian white power sector.
The portfolio includes agrophotovoltaic (agri-PV) projects with projects designed to accommodate sheep grazing, honey production, and the planting of olive, pistachio, and orange trees, as well as other local crops, enabling environmentally friendly electricity production and biodiversity protection. .
“The demand for local and renewable electricity is booming. Agreements like this allow us to reinvest and expand our capacity to deliver blank electrons to utilities and businesses that need them, while helping to advance the energy transition globally. “to see how these projects are progressing and, even more, to see the opportunities they open up for the long term of the energy transition and the local economy in Italy,” said Giovanni Mascari, Country Director of Lightsource bp in Italy.
“This acquisition further enriches the portfolio of our current blank electric infrastructure fund, bringing it to more than 370 MW of assets in operation or in structure and a pipeline of projects on the verge of approval totaling six hundred MW of capacity. This transaction further consolidates our position as one of the most dynamic independent players in the energy transition sector in Italy,” commented Natalino Mongillo, Managing Partner of EOS IM. “We are delighted to collaborate with Lightsource bp, a global leader in the progression and control of solar energy. energy projects, through a partnership based on 3 shared core pillars: energy, environment and people,” added Giuseppe La Loggia, Senior Partner at EOS IM. Group.
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The transaction was overseen by EOS IM through Natalino Mongillo, Giuseppe La Loggia, Riccardo Belli and Mauro D’Addetta.
Lightsource bp was advised by joint lead financial advisors Lazard and Prothea, with Ashurst as its legal advisor and Kiwa Moroni on technical aspects. EOS IM’ legal advisor was Gianni & Origoni, ATA renewables on technical aspects, KPMG on ESG and Deloitte on finance and accounting.
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SOURCE: light pb
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