Miami/Florida and Milan/Rome, 20 November 2019: Origis Energy today announced the sale of a 41MW ground-mounted solar PV portfolio to ForVEI II, the Joint Venture (“JV”) between VEI Green and Foresight Group LLP (“Foresight”).
The 41MW portfolio comprises 34 ground-mounted solar PV projects located in Italy totalling c.37MW and one ground-mounted solar plant of 4MW in Slovakia. The solar plants have been fully operational since 2010 – 2011 and are remunerated under a long-term Feed in Tariff (“FiT”) scheme awarded by the GSE.
The financial details relating to the transaction remain undisclosed.
“We are excited to have found a long-term partner for our European assets.” said Guy Vanderhaegen, CEO & President of Origis, “We thank ForVEI II and Greentech for their close collaboration.”
Commenting on this significant transaction for the Fund Federico Giannandrea, Partner & Head of Southern Europe, Foresight said: “We are delighted to have acquired this operational 41MW FiT portfolio from Origis, the first significant acquisition for ForVEI II, which launched last year.