Watson Farley & Williams (“WFW”) advised Elawan Energy (“Elawan”) on its new joint venture with R.Power Investment (“R.Power”) to develop photovoltaic projects in Italy.
The joint venture’s pipeline projects, all currently at early stage of development, will have a total installed capacity of up to 2.0 GW at ready-to-build stage. The projects are located across Italy including the Basilicata, Lazio, Sardinia and Sicily regions.
Elawan is part of the ORIX group and a global renewable energy operator offering integrated solutions throughout the life cycle of wind and photovoltaic projects, from promotion, development and construction to operation, maintenance and sale of energy produced. Elawan currently has 54 projects producing energy in nine countries, including 1.80+ GW in operation, 234 MW under construction and 8.5+ GW in various stages of development.
R.Power is a fast-growing European company specialising in the development, design, construction and maintenance of large-scale photovoltaic power plants. Its portfolio comprises 9.9 GWp of projects under development and 661 MWp of built or under construction solar plants.
The WFW Italy Energy team that advised Elawan was led by Partner Luca Sfrecola, supported by Associate Francesco Vanzaghi and Trainee Alice Zago. Senior Associate Alfredo Guacci Esposito assisted on tax matters, working closely with Associate Marianna Telesca.
DLA Piper acted as R.Power’s legal counsel.
