Italian renewable plants are coveted by foreign investors. Through the Eos Energy Fund, the asset manager Eos Investment Management (Eos Im) sold to Prejeance Industrial, independent manager controlled by Asterion Industrial Partners, 27 photovoltaic plantsi and wind farms in Italy representing a portfolio of 32 MW with an enterprise value of approx 80 million euro, which entered into operation between 2008 and 2013.
These plants are capable of generating over 64 GWh per year and can satisfy the annual energy needs of 24 families, with a savings of over 28 thousand tons of CO2 compared to equivalent fossil sources.
“It is undoubtedly a source of pride to have attracted another important international group such as Prejeance to invest in Italy,” he commented. Natalino Mongillo, Co-Founding Partner of Eos Im. The operation follows the significant sale of last year, when Eos Im sold 23 Italian photovoltaic plants for a total of 17 MW to a pan-European fund. “The enhancement of this second cluster once again underlines the strength of our value creation strategy which leads the EOS Energy I fund to achieve significant returns for its investors, and, at the same time, contribute to decarbonisation. Italy is an extremely attractive country for EOS IM, where our team has a deep knowledge of the local market, as well as a unit dedicated to maximizing the operational performance of the assets”, he added.
Prejeance Industrial focuses on "projects with a positive environmental and social impact, differentiating themselves on the market through a tailor-made offer with the aim of creating unique and promising opportunities on the European renewables market", reads the note. “This deal fits perfectly into our strategy of working with key partners to acquire infrastructure projects and establish strong roots in the renewable energy sector. This transaction is particularly important as it is the first in Italy,” he commented Edouard Fabry, chief executive officer of Prejeance Industrial.
