Iberdrola Acquires Montelungo Agrivoltaic Project
Deal News | May 05, 2025 | Legal Community Italy
Spanish energy leader, Iberdrola Renovables Italia S.p.A., has successfully acquired the Montelungo agrivoltaic project in Italy through a strategic joint development agreement with Energeticamente S.r.l., now renamed NIOS S.r.l. The project, located in Melfi, is expected to produce approximately 20 MW of green energy, supporting the company's commitment to sustainable energy solutions in Italy. The comprehensive legal services for this acquisition were provided by Ontier Italia, with a team led by Laura Gentili handling permitting and interconnection matters, Giulio Ciompi dealing with M&A profiles, and Kristian Massimei addressing real estate law. This acquisition, initiated in 2022, marks a significant step in Iberdrola's expansion in the Italian green energy sector, as it acquires full ownership of Montelungo Energia S.r.l., the entity behind the Montelungo project.
Sectors
- Renewable Energy
- Legal Services
Geography
- Italy – The Montelungo agrivoltaic project is located in Melfi, Italy, and the acquisition was carried out by Iberdrola Renovables Italia S.p.A., emphasizing the geographical focus of the transaction.
- Spain – Iberdrola is a Spanish company and is expanding its operations in Italy, thus involving Spain in the geographical context of the article.
Industry
- Renewable Energy – The article discusses the acquisition of an agrivoltaic project by Iberdrola, a leading company in the renewable energy sector, highlighting its strategic investments in green energy solutions.
- Legal Services – The involvement of Ontier Italia in providing legal assistance for the acquisition underscores the role of legal services in facilitating such international energy deals.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Iberdrola Renovables Italia S.p.A. | Buyer/Acquirer | Company | Part of the global energy leader Iberdrola, this company focuses on expanding renewable energy solutions in Italy. |
| Montelungo Energia S.r.l. | Target Company | Company | The company responsible for the Montelungo agrivoltaic project, acquired by Iberdrola. |
| Energeticamente S.r.l. (now NIOS S.r.l.) | Vendor/Seller | Company | The original developer of the Montelungo project and joint agreement partner with Iberdrola. |
| Ontier Italia | Legal Advisor | Company | Provided legal services for the acquisition, focusing on permitting, M&A, and real estate law. |
| Laura Gentili | Head of Energia, Ambiente e Antitrust | Person | Led the legal team at Ontier Italia for permitting and interconnection aspects. |
| Giulio Ciompi | Senior Associate | Person | Handled M&A profiles for the acquisition at Ontier Italia. |
| Kristian Massimei | Associate | Person | Dealt with real estate legal issues for the acquisition at Ontier Italia. |