we receive e we publish the following press release issued by Intesa Sanpaolo.
Understanding St. Paul, through the IMI Corporate & Investment Banking Division led by Mauro Micillo, acted as financial advisor to BayWa re of sale to Encavis AG of a 199 MW portfolio of renewable energy plants in northern Spain.
BayWa re is an independent power generation operator based in Germany, while Encavis is one of the leading producers of electricity from renewable sources in Europe.
The projects are located approximately 40 kilometers from Zaragoza, in the Aragon region. The portfolio includes: three wind farms with a total capacity of approximately 142 MW and two photovoltaic (PV) systems for a total of 57 MWp.
This transaction confirms the role of Intesa Sanpaolo, led by CEO Carlo Messina, as a leading international advisory partner, supporting projects related to the energy transition and the development of sustainable solutions.
With a solid experience in the energy sector renewableIntesa Sanpaolo's IMI CIB Division continues to support strategic transactions on a European scale, helping to accelerate the decarbonization of the energy mix. Among the Division's most recent and significant international transactions are:
- Financial Advisor of F2i, the leading Italian infrastructure fund, in consolidating its activities in the energy transition sector in Sorgenia;
- Advisor to the Enel Group for the partnership agreement signed with the Emirati renewable energy company Masdar for the management of photovoltaic plants in Spain;
- Co-advisor in Masdar's joint venture with Iberdrola to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea.
