Juwi Energie Rinnovabili Cedes Solar Projects to Kelag Italia
Deal News | Apr 14, 2025 | Finance Community IT - 1 Corporate M&A
Juwi Energie Rinnovabili, a subsidiary of the German multinational Juwi GmbH, has divested a portfolio of photovoltaic projects to Kelag Italia. The acquisition involves eight approved and ready-to-build projects in Northern Italy with a total installed capacity of around 50.5 MW. The renewable energy firm Kelag Italia is a subsidiary of the prominent Austrian utility KI-Kelag International GmbH. L&B Partners acted as the financial advisor for Juwi, playing a crucial role in the transaction's origination, financial structuring, and coordination, involving activities such as due diligence and negotiation. The legal aspects for Juwi Energie Rinnovabili were managed by Dentons Italia through a multidisciplinary team. Meanwhile, Advant Nctm provided regulatory and administrative legal advice to Kelag Italia. This strategic divestment underscores the ongoing developments in the renewable energy sector, highlighting cross-border collaborations.
Sectors
- Renewable Energy
- Legal Advisory
- Corporate Finance
Geography
- Italy – The location of the photovoltaic projects being transacted, indicating the strategic significance of the renewable energy sector in the Italian market.
- Austria – Kelag Italia is controlled by the Austrian utility KI-Kelag International GmbH, showing cross-border investment and interests in European renewable energy markets.
- Germany – Home country of the parent company Juwi GmbH, representing the multinational aspect and origination of the renewable energy firm involved in the deal.
Industry
- Renewable Energy – Relates to the development and management of energy projects based on renewable sources, such as solar energy, as highlighted by the transaction involving photovoltaic projects.
- Legal Advisory – Involves legal firms providing regulatory and contract services necessary for M&A transactions, as evident by the roles of Dentons Italia and Advant Nctm in the deal.
- Corporate Finance – Entails the management and advisory of financial components during corporate transactions, demonstrated by L&B Partners' involvement in the structuring of the deal.
Financials
- 50.5 MW – The total installed capacity of the photovoltaic projects sold to Kelag Italia.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Juwi Energie Rinnovabili | Target Company | Company | A subsidiary of Juwi GmbH, engaged in developing, designing, and maintaining renewable energy facilities. |
| Kelag Italia | Bidding Company | Company | Italian subsidiary of KI-Kelag International GmbH, focusing on renewable energy production. |
| L&B Partners | Financial Advisor | Company | Advised Juwi Energie Rinnovabili in the structuring and financial arrangement of the transaction. |
| Dentons Italia | Legal Advisor | Company | Provided legal and regulatory assistance to Juwi Energie Rinnovabili for the transaction. |
| Advant Nctm | Legal Advisor | Company | Supported Kelag Italia with regulatory and administrative legal advice for the transaction. |