GreenIT And Copenhagen Infrastructure Partners’ Joint Venture For Two 750 MW Floating Off-Shore Eolic Plants In Italy

Gianni & Origoni and Watson Farley & Williams assisted, respectively, GreenIT and Copenhagen Infrastructure Partners in the joint venture for the construction of two mega floating off-shore wind farms in Sardinia and Sicily.

The transaction concerns the agreement between GreenIT, the joint venture between Plenitude (Eni) and CDP Equity for the production of energy from renewable sources, and CI IV, a fund managed by Copenhagen Infrastructure Partners (CIP), for the construction of two floating off-shore wind farms in Sicily and Sardinia, both located over 35 km from the coast, for a total capacity of approximately 750MW.

The start of operations is currently expected in 2026 in Sicily and in 2028 in Sardinia, at the end of the authorization phase and subsequent construction.

The initiative will make it possible to avoid carbon dioxide emissions of about 1 million tons on an annual basis, thus contributing to the decarbonisation objectives of the National Integrated Energy and Climate Plan 2030 and to the growth of the floating offshore wind sector in Italy.
 
GOP supported GreenIT’s in-house team – led by Avv. Michele Ausiello is composed of the lawyer Federica Ferrua – with a team led by partners Magda Serriello and Eugenio Grippo for the M&A part and, for the due diligence part, by partner Stefano Cunico and counsel Francesca Carlesi, who coordinated a multidisciplinary team.
 
WFW assisted Copenhagen Infrastructure Partners with a team coordinated by the Managing Partner for Italy Eugenio Tranchino and the Counsel Luca Sfrecola with the Associate Francesco Vanzaghi for the M&A and corporate aspects. Partner Tiziana Manenti oversaw the administrative and regulatory aspects of the projects.

Involved fees earner: Francesca Carlesi – Gianni & Origoni; Stefano Cunico – Gianni & Origoni; Eugenio Grippo – Gianni & Origoni; Magda Serriello – Gianni & Origoni; Tiziana Manenti – Watson Farley & Williams; Luca Sfrecola – Watson Farley & Williams; Eugenio Tranchino – Watson Farley & Williams; Francesco Vanzaghi – Watson Farley & Williams;

Law Firms: Gianni & Origoni; Watson Farley & Williams;

Clients: Copenhagen Infrastructure Partners; GreenIT;