NRGfarm Expands Through Key Acquisition of Solar Plants from Hanwha Europe
Deal News | Jul 03, 2025 | Finance Community IT - 1 Corporate M&A
NRGfarm, through its subsidiary IRR Solar, has expanded its renewable energy portfolio by acquiring two operational photovoltaic plants from Hanwha Europe. Located between the Emilia-Romagna and Veneto regions, these plants offer a cumulative capacity of 8 MW. This strategic acquisition aligns firmly with NRGfarm's growth strategy and contributes to solidifying its active role in the Italian energy transition. The acquisition's legal aspects were handled by NRGfarm's internal legal team, supported by L&B Partners Avvocati Associati, whereas LMCR assisted Hanwha Europe on the legal front. Additional financial and accounting advisory was provided to the sellers by the firm Biasin & Partners.
Sectors
- Renewable Energy
- Legal Services
Geography
- Italy – The solar plants acquired are located in the Emilia-Romagna and Veneto regions of Italy.
- Europe – Hanwha Europe, the seller in the transaction, is a European entity.
Industry
- Renewable Energy – The acquisition involves solar photovoltaic plants, indicating active operations in the renewable energy sector.
- Legal Services – The transaction included significant involvement from legal advisors, highlighting the critical legal aspects in mergers and acquisitions.
Financials
- 8 MW – The total capacity of the two acquired photovoltaic plants.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NRGfarm | Acquirer | Company | A company active in the renewable energy sector, expanding its portfolio through acquisitions. |
| IRR Solar | Acquirer/Subsidiary | Company | A subsidiary of NRGfarm responsible for the acquisition. |
| Hanwha Europe | Seller | Company | European entity selling two photovoltaic plants. |
| L&B Partners Avvocati Associati | Legal Advisor | Company | Provided legal assistance to IRR Solar in the transaction. |
| LMCR | Legal Advisor | Company | Advised Hanwha Europe on all legal aspects of the transaction. |
| Biasin & Partners Dottori Commercialisti | Financial and Tax Advisors | Company | Advised the sellers on accounting and fiscal aspects. |