Juwi Transfers 50.5 MW Photovoltaic Portfolio in Northern Italy to Kelag Italia, Boosting Renewable Capacity
(IN BRIEF) Juwi Energie Rinnovabili S.r.l. has completed the sale of a portfolio of 8 photovoltaic projects, with an aggregate installed capacity of approximately 50.5 MW, to Kelag Italia S.r.l. These projects, located in Northern Italy, are part of JUWI’s commitment to delivering high-quality renewable energy projects. The transaction further reinforces JUWI’s market position as a leading renewable energy developer and service provider in Italy. Kelag Group, through its subsidiary Kelag Italia, aims to expand its renewable power plant portfolio as part of its broader investment program of around EUR 3.8 billion by 2034, focusing on selective growth in hydropower, wind, and photovoltaic technologies. The deal was supported by comprehensive advisory services from multiple expert teams. L&B Partners S.p.A. provided financial advisory support, coordinating due diligence and negotiations, while global law firm Dentons oversaw the legal, contractual, and regulatory aspects of the transaction. ADVANT Nctm contributed its expertise on M&A and corporate as well as regulatory and administrative profiles. This multi-faceted support ensured a smooth and successful transaction, adding significant value to Kelag Italia’s renewable energy portfolio.
(PRESS RELEASE) WÖRRSTADT, 11-Apr-2025 — /EuropaWire/ — Juwi Energie Rinnovabili S.r.l., a subsidiary of the Juwi GmbH Group with over 30 years in renewable energy development, design, construction, and maintenance, has finalized the transfer of a portfolio of photovoltaic projects to Kelag Italia S.r.l., a subsidiary of one of Austria’s leading renewable energy providers, Kelag Group. The portfolio features 8 authorized projects located in Northern Italy with a combined expected installed capacity of approximately 50.5 MW.
Elvira Foti, Managing Director of JUWI in Italy, stated, “We are very pleased to confirm the successful sale of this portfolio. We believe that these projects will add significant value to Kelag. This transaction underlines our commitment to delivering high-quality projects and reinforces our position as a leading renewable energy developer, as well as a provider of EPC and O&M services in the Italian renewable energy sector.”
Kelag International’s Managing Director, Ingo Preiss, commented, “Kelag plans to drive forward the transformation into a green energy system with an investment program of around EUR 3.8 billion by 2034. Our strategic approach focuses on selective growth in hydropower, wind power, and photovoltaic sectors. We are delighted to have found a reliable partner in JUWI for expanding our renewable power plant portfolio in Italy.”
The financial advisory firm L&B Partners S.p.A. supported JUWI throughout all stages of the transaction, managing due diligence, negotiations, and the structuring of financial and economic aspects. The advisory team, led by Managing Director Stefano Galbusera and including Associate Antonio Paternostro and Analyst Giorgio Servadio, provided crucial support during the process.
Additionally, global law firm Dentons assisted JUWI with a multidisciplinary legal team led by partners Mileto Mario Giuliani and Antonio Legrottaglie, with trainee Bianca Balestri, addressing all contractual, administrative, and regulatory aspects of the deal.
ADVANT Nctm also played an essential role by providing M&A and corporate advisory services, coordinated by partner Piero Viganò, Head of Energy & Infrastructure. The team comprised managing associate Giuliano Proietto, trainee Tomaso Faà, and partners Giovanni Battista De Luca, senior associate Ernesto Rossi Scarpa Gregorj, and associate Paola Putignano, who supported the regulatory and administrative profiles of the operation.
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First published in this link of EuropaWIRE.
