Global law firm Ashurst has advised NTR, a European investor and asset manager in the sustainable infrastructure sector, on a transaction that marks NTR’s entrance into the Italian clean energy market.
NTR Renewable Energy Income Fund II, through its special purpose vehicle NTR Green Energy Italy Holdings S.r.l., has acquired from BayWa r.e. Windpark Arlena GmbH, two operating wind projects located in the Province of Viterbo with an overall capacity of 18 MW, generating approximately 40 GWh annually and which has an existing project finance scheme in place with Norddeutsche Landesbank Girozentrale.
The Ashurst team was led by managing partner Carloandrea Meacci and counsel Annamaria Pinzuti, supported for the corporate aspects by associate Federico Piccione; for the due diligence aspects by partner Elena Giuffrè with associate Gianluca Di Stefano and Yasmina Tourougou.
