E.ON has sold its Italian solar business to the private infrastructure investment fund manager F2i SGR. F2i has an impressive track record in the solar business in Italy and is committed to the long-term future of the business.
The activities sold comprise a total generating capacity of 49 megawatt and consist of seven ground mounted solar plants that were constructed between 2010 and 2013. The solar plants are located in areas with high irradiation and benefit from favorable solar regimes providing stable cash flows in the long-term. About 70 percent of the capacity is installed on Sardinia.
E.ON and F2i SGR agreed not to disclose the purchase price. The transaction was signed and closed on February 19, 2015.
Based in Milan, F2i is a private infrastructure investment fund manager in Italy and one of Europe’s largest. F2i is fully owned by a group of leading financial institutions. In particular, F2i has been active in the photovoltaic sector in Italy since 2009 as founder of Holding Fotovoltaica (HFV), which currently represents one of the Italian market leaders with 89 megawatt under management.