Sunwin Energy, a Swiss energy provider, has reached a framework agreement to sell its 375 MW solar portfolio in Italy to an unidentified European corporation. Sunwin Energy’s solar portfolio comprises 15 mid-stage, ground-mounted solar photovoltaic projects that it has been developing in the region in recent years. The projects, whose capacities range from 10 MW to 75 MW each, are anticipated to begin going online between this year and 2026. The deal for the 15 solar assets was structured as a conditional sale and purchase agreement.
According to Sunwin Energy, the projects consist of industrial sites, landfills, and agro-photovoltaic projects and are “well-diversified.” Capcora, a German consulting firm, served as the total transaction only mergers and acquisitions advisor, and Bird and Bird served as the sell-side legal counsel. No financial deals have been disclosed .
Sunwin Energy, a subsidiary of Energie Zukunft Schweiz, has offices in Switzerland, Germany, Spain, Romania, and Italy and employs 200 people. The company has been operating in Italy since 2019 and is currently creating a pipeline of 1 GW projects there.
REGlobal’s Views: Mergers and acquisitions continue to be a favorable instrument for developers and investors to expand portfolios. As solar power projects fetch good market value, sellers with intention to raise finance are selling their assets to deep-pocketed investors.