Theia acquires 10.1 MWp operational ground mounted Solar PV plants in Sardinia

Theia Investments has successfully completed the acquisition of a vehicle company owning two Solar PV plants, for a total of 10.1 MW in Sardinia.

Orrick -led by partner Carlo Montella, assisted by senior associate Marcello Montresor, of counsel Celeste Mellone, together with Edoardo Mencacci and Martina Mangano- acted as Theia’s legal advisor.

DLA Piper with a team lead by partners Giovanni Ragnoni Bosco Lucarelli, Germana Cassar and Giulio Maroncelli, assisted by Gianmarco Scialpi and Martina Antonelli – for transactional aspects – and by Alessia Marconi and Mattia Malinverni – for regulatory aspects acted as Seller’s legal advisor.

REA acted as technical advisor, with a dedicated team led by Barbara Paulangelo and Chiara Graniti.

Notary Carlo Munafò oversaw the stipulation of the notarial deeds relating to the operation as well as the preliminary and subsequent formalities thereof.

Theia Investments Team, commented: "We have been extremely pleased to work on this deal. The proactive attitude of the Seller along with the commitment and competence of the advisory teams- allowed to close a complex transaction of a relevant size in the span of just a few months.

With this addition, our portfolio has overcome the 30MWp threshold; an impressive goal considering that this was achieved in a bit more than 2 years since our first acquisition".

THEIA: backed by institutional investors, was established with the with the goal of acquiring and operating European renewable energy assets, with a particular focus on assets where Theia can add value through operational and financial optimization, leveraging the team’s deep experience in the sector.