SURE as exclusive debt advisor to Obton in the refinancing of a 116 MW solar PV portfolio under operation in Italy for over Eur 400m financed by European leading banks and instututional investors.

• On March 2022, Obton has closed a transaction for the refinancing of a 116MW solar PV portfolio under operation located in Italy
• The size of the transaction is over Eur 400m, allowing to repay the existing debt, finance future capex for revamping works and to re-leverage

PRESS

SURE with Siel as exclusive M&A advisor in the sale of a 195MW single-site solar PV project under development to PLT (now part of Plenitude)

• On April 2022, an Italian developer has entered into a co-development agreement with PLT Group related to a 195MW solar PV project under development in Sicily
• The seller is in charge of the development activities until the project reaches the ready-to-build status and the shares of the SPV are transferred in full to the buyer

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SURE with RWE as strategic advisor in company strategic positioning in the Italian offshore wind market

• SURE has supported RWER (renewable energy branch of the German utility RWE) in entering the Italian offshore wind market
• SURE has provided an overview of the market, an entry approach solution, and an evaluation of potential investment targets

SURE as strategic advisor to the Norwegian Embassy of Italy in the assessment of the Italian offshore wind market

• SURE, in cooperation with a leading international law firm, prepared a report on the Italian offshore wind market for the Norwegian Embassy in Italy
• The purpose of the report was to offer an overview of the sector and provide a background to identify opportunities for partnerships/commercial interactions between local players and Norwegian companies (developers as wells as suppliers and contractors)

SURE with Aegeus as exclusive M&A advisor in the sale of a 120MW onshore wind porfolio under development in Greece to a leading European Infrastructure Fund

• On February 2023, Aegeus, a Greek developer, has entered into a development service agreement with a French investor related to a  120MW greenfield wind portfolio in Greece
• The transaction envisages the development, construction and operation of the portfolio 
• The developer will carry on with the development activities until ready-to-build and the obtainment of the operation license, with funding provided by the investor

SURE with NVA as exclusive M&A advisor in the sale of a 50% stake to iCON Infrastructure

• On April 2023, a renewable energy group active in the engineering and development of RES projects, has signed an agreement with iCON Infrastructure, a leading European infrastructure investor, for the sale of the majority stake of NVA S.r.l., a newly formed IPP
• iCON will acquire a majority stake in NVA, which can boast a development pipeline of ca. 3GW across different technologies (onshore wind, solar PV, biogas), and is committed to the development and growth of the company

PRESS

SURE with Spin Energy as exclusive M&A advisor in the sale of a 87MW greenfield solar PV portfolio to a global solar PV investor

• On April 2023, Spin Energy, an Italy-focused renewables developer, has sold 87MW of solar PV projects under development in Sicily
• The seller will carry on with the development activities until the projects reach the ready-to-build status and the shares of the SPVs are transferred in full to the buyer

PRESS

SURE with a leading European infrastructure fund as exclusive debt advisor in the set up of a Eur 120m capital call facility

• On May 2023, a leading European infrastructure fund has completed the set up of a capital call facility for over Eur 120m
• The facility shall be in the form of a short-term revolving credit facility to bridge investors’ capital calls
• Lenders involved in the financing transaction are BPER and BNP Paribas

SURE with Greencor as exclusive M&A advisor in the sale of a 40MW greenfield solar PV portfolio to a leading European infrastructure fund

• On June 2023, the Italy-focused renewables developer Greencor has completed the sale of a 40MW solar PV project under development in Apulia to a Leading European Infrastructure investor
• The seller is in charge of the development activities until the project reaches the ready-to-build status and the shares of the SPV are transferred in full to the buyer

SURE with Sosteneo (Generali) as exclusive M&A advisor in the acquisition of a 68MW ready to build solar PV project from European Energy

• On September 2023, Sosteneo, the sustainable energy infrastructure investment fund backed by Generali Investments, has closed a transaction for the acquisition of a 68MW ready-to-build solar PV project in Sicily from European Energy A/S, a leading Denmark-based independent power producer
• Sosteneo has acquired the 100% stake in the SPV, which holds all the authorizations to realize the plant

PRESS

SURE with Absolute Energy as exclusive M&A advisor in the sale of up to 95% stake to I Squared Capital

• On October 2023, Absolute Energy, an international developer with headquarters in Rome and London, has signed an agreement with I Squared Capital, a leading USA infrastructure investor, for the sale of up to 95% of the capital
• I Squared plans to invest up to Eur 400m over the next years in Absolute, which can boast a development pipeline of ca. 3GW across different technologies (onshore wind, solar PV, BESS)

PRESS

SURE with Sosteneo (Generali) as exclusive M&A advisor in the acquisition of a 40% stake in the first green hydrogen valley in Italy

• On November 2023, Sosteneo, the sustainable energy infrastructure investment fund backed by Generali Investments, formed a strategic partnership with Edison, Saipem, and Invitalia, acquiring a 40% stake in Puglia Green Hydrogen Valley Srl
• The hydrogen valley initiative marks a significant step in developing one of Italy's foremost large-scale green hydrogen production projects, with two plants totaling 160MW capacity, contributing to the decarbonization of the Ilva steelworks in Taranto and of the Apulia Region

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SURE with Sosteneo (Generali) as exclusive M&A advisor in the acquisition of a 50% stake of a 163MW Permitted solar PV project from European Energy

• On November 2023, Sosteneo, the sustainable energy infrastructure investment fund backed by Generali Investments, has closed a transaction for the acquisition of a 163MW permitted solar PV project in Sicily from European Energy A/S, a leading Denmark-based independent power producer
• Sosteneo has acquired the 50% stake in the SPV, which holds all the authorizations to realize the plant

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SURE with Galileo Green Energy as M&A advisor in the sale of a 140MW solar PV portfolio under development to GreenIT (JV between Plenitude and CDP)

• On December 2023 Galileo, a pan-European development and investment platform with over 10GW of renewable projects under development in Europe, has signed its first agreement in Italy with GreenIT, the Italian renewable energy joint venture of Eni Plenitude (51% ownership) and CDP Equity (49% ownership)
• The companies have entered into an agreement for the realization of 8 Solar PV projects, totalling ca. 140MW, across three regions in Southern, Central and Northern Italy

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SURE with Masdar Clean Energy in the valuation of several opportunities in Eastern Europe

• SURE provided transaction support to Masdar Clean Energy (a Mubadala company) on multiple opportunities in Eastern Europe
• SURE supported Masdar in the assets valuation and the buy-side process

SURE with Aegeus as exclusive M&A advisor in the sale of a 90MW onshore wind porfolio under development in Greece to a leading European Infrastructure Fund

• On June 2023, Aegeus, a Greek developer, has entered into a development service agreement with a French investor related to a 90MW greenfield wind portfolio in Greece
• The transaction envisages the development, construction and operation of the portfolio 
• The developer will carry on with the development activities until ready-to-build and the obtainment of the operation license, with funding provided by the investor

SURE supported Sosteneo (Generali) as Sole M&A advisor in the partnership with Enel for the acquisition of 49% of Enel Libra Flexys for Eur 1.1bn

• The company was established to develop and manage 23 battery energy storage systems (BESS) projects for 1.7GW and the 3 open-cycle gas turbine (OCGT plants) for 0.9GW
• Revenues for the project are fully contracted for 15 years through the participation of the assets in the capacity market and fast reserve remuneration schemes managed by Terna, the Italian transmission system operator.

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SURE with Masdar Clean Energy in the valuation of several opportunities in EMEA

• SURE has been providing transaction support to Masdar Clean Energy (a Mubadala company) on multiple opportunities in EMEA
• SURE is supporting Masdar in the assets valuation and scouting of potential targets