Watson Farley & Williams (“WFW”) advised Belenergia S.p.A. (“Belenergia”) on an €190m equity investment received from For Talent Transmission SAS (“FT”) and RGreen Invest, via its Infragreen V fund, to develop its existing pipeline of renewable projects and further strengthen its position in the Italian and European green energy market. This is one of the largest IPP capital increase in Italy.
WFW acted as Belenergia’s Italian legal counsel on all aspects of the transaction, including the vendor due diligence process, competition and tax analysis and negotiating the investment and new shareholder agreements and all related ancillary documents.
Milan-headquartered Belenergia is a leading European renewable energy company with a 150MW+ solar, wind and biomass portfolio of projects across Europe. FT is a French investment and advisory company focussed on helping family businesses implement generational handover. With €2bn+ AUM, France’s RGreen Invest has over a decade’s experience investing in and financing infrastructure projects supporting the energy transition and climate change mitigation.
The cross-border WFW Energy team that advised Belenergia was led by Corporate Partner and WFW Italy Head Eugenio Tranchino, supported by Counsel Arianna Neri, Senior Associate Giovanni Benedetto and Associates Francesco Vanzaghi and Sonia Basso. Senior Associate Alfredo Guacci Esposito and Associate Marianna Telesca advised on tax law. French law expertise was provided by Paris Corporate Partner Guillaume Pouyet and Associate Mohamed Douib.
Eugenio commented: “We are delighted to have advised our long-standing client Belenergia on one of the largest IPP capital increases in Italy to date. This investment represents a new significant step for the Italian energy market and confirms the growing development of renewable energy”.
Liedekerke acted as Belenergia’s Belgian legal counsel and Lazard as their financial advisor.Jones Day represented FT and. Linklaters advised Infragreen. French law firm Ooslo acted afor shareholder Mid Infra S.L.P.
