Encavis Seeks WFW Counsel for Acquisition of 30 MW Solar Project in Italy

Watson Farley & Williams (WFW) provided guidance to Encavis AG (Encavis) in acquiring the ready-to-build 30 MW Pozzolo solar project situated in Piedmont, Italy. Expected to commence operations in 2025, this project is estimated to yield approximately 42 GW annually, overseen by Stern Energy. Its revenue will benefit from a long-term PPA.

Encavis, listed on the MDAX of Deutsche Börse AG and headquartered in Hamburg, specializes in renewable energy production with a total capacity exceeding 3.4 GW. Meanwhile, Stern Energy, an Italian company, offers specialized operations and maintenance services, boasting a generation capacity of 1.392 MW across the UK, the Netherlands, Germany, France, and Italy.

The WFW Italy Energy team, led by Italy Office Head and Partner Eugenio Tranchino along with Partner Luca Sfrecola, advised Encavis on the acquisition’s closure, as well as the drafting and negotiation of the sale and purchase agreement, development services agreement, and shareholders’ agreement. This team was supported by Associates Giovanni Benedetto and Francesco Vanzaghi.