“Acquisitions demonstrate the strength of our business model”
In conjunction with Bluefield Italia Srl, Bluefield Revive Italia l Srl (“Revive” or the “Vehicle“) is pleased to announce a trio of recent transactions.
In July, we completed the acquisition of Project Lio and Project Solaria, both of which are located within the Puglia region of Southern Italy. The two portfolios are generative of 3 MW and 2 MW respectively and help further develop our presence within the Apulia region, which currently contributes 30% of our portfolio’s yield.
We were supported in these acquisitions by a selection of specialists. For Project Lio, the parties benefitted from the expertise of 3F Advisors, StudioComm, ICFC, Dentons, Protos and Grimaldi Lex, while on Project Solaria, assistance was provided by ICFC, DWF Group, BIT, and CMS.
These transactions complement last year’s acquisition of the Alka Park portfolio in the Piedmont region of Northwest Italy. The portfolio is inclusive of four target rooftop PV plants, which generate a combined yield of 2.5MW. Dentos, PQM Legal, BIT and Ms Ottavia Orlandoni advised on this transaction.
The three sites add a combined 7.5MW to our existing portfolio, which was launched in 2021, with each scheduled to be revamped by Bluefield’s in-house team, to optimise their respective energy yields.
Alberto Paturzo, Partner, Head of Southern Europe said:
“These important acquisitions demonstrate the strength of our business model. It is the result of the teams’ in-depth knowledge of the renewable sector, combined with our ability to identify interesting investments and extract their financial and industrial value. Our strong pipeline means that we’re expected to be fully deployed in the coming months, concluding the 1st part of the strategy. Next, we will optimize the assets whilst revamping, repowering and re-financing the portfolio.”
About Bluefield:
Founded in 2009 and based in London, The Bluefield group of companies provides M&A, asset management, development and construction management services throughout the lifecycle of the renewable assets under management, specialising in greenfield and brownfield solar PV, onshore wind, and battery storage. With over a decade in the sector, Bluefield has developed a comprehensive platform covering investment, asset management, and technical services to speed up the shift to clean energy and net zero.
As it stands, Bluefield manages assets worth over €2.3 billion across the UK and EU, with a keen eye on shareholder interests. The company employs around 150 people across the UK and Europe, all committed to safeguarding assets and delivering profit with purpose for a sustainable future.
For further information:
Bluefield Partners LLP
Juliet Drinkwater, Investor Relations Manager
Tel: +44 (0) 7562 616 567
www.bluefieldllp.com
Bluefield Italia Srl:
Alberto Paturzo, Partner, Head of Southern Europe
Tel: +39 06 9779 7145
info@bluefieldtalia.com
Media enquiries:
Buchanan (PR Adviser)
Henry Harrison-Topham / Henry Wilson
Tel: +44 (0) 20 7466 5000
www.buchanancomms.co.uk
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