Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Italy

Italy

Macquarie fund to buy Sorgenia Green

ITALY: Macquarie European Infrastructure Fund 4 (MEIF4) has agreed to by Italian wind project developer Sorgenia Green.

Sorgenia's portfolio includes the 39MW San Gregorio Magno project in Campania, Italy
Sorgenia's portfolio includes the 39MW San Gregorio Magno project in Campania, Italy

The company has a portfolio of wind projects in Italy and France at various stages of development. It operates 112MW in Italy, with a further 70MW of projects already permitted.

In France it is a 50:50 partner in a joint venture (JV) with KKR Infrastructure. The JV has 165MW of operational wind projects, with a further pipeline of 40MW.

The fund, set up by Australian investment bank Macquarie, is buying the developer from its parent company, utility Sorgenia.

This is the fifth investment made by the fund and its first in wind power. However, Macquarie has invested directly in a number of wind developments, including in the US, Italy and Mexico.

The companies did not reveal the financial terms of the deal.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs