ZE Energy buys 100 MW Italian, MACSE-backed battery
A law firm which advised on the transaction tells pv magazine Italia the deal was worth €10 million ($11.6 million) to €20 million and was concluded regardless of the results of the Mercato a termine degli stoccaggi (MACSE) auction.
French renewables developer ZE Energy has bought the Solar Challenge 4 Srl project company behind a 100 MW, Renew-Co Engineering battery energy storage system in Sessa Aurunca, Campania.
The Italian project was the subject of a successful bid in the first MACSE auction.
“The acquisition was closed regardless of the positive outcome of the MACSE auction,” legal firm DWF told pv magazine Italia.
The Milanese legal firm, which advised ZE on the deal, said the acquisition was begun in May. DWF said the deal was worth €10 million to €20 million.
Renew-Co Engineering was advised by Green Horse.
From pv magazine Italia.
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