F2i acquires Spanish solar energy company

46 MW PV system of Renovalia in Puertollano, Spain.

Italian investment fund F2i SGR Spa acquires the Spanish solar energy operator Renovalia Energy Group. The acquisition, made by the fund's EF Solare subsidiary, involves about 1,000 MM of solar power, 102 of which come from nine plants already in operation and another 850 MM from projects currently being developed. This capacity is in addition to the 853 MM already generated in Italy by EF Solare, thus bringing its total photovoltaic capacity to over 1,800 MM.
With this transaction, EF Solare enters the Spanish solar energy market which »has considerable growth potential as the Government has committed to increasing the country's solar capacity fivefold over the next ten years.« Renovalia is the fourth largest operator in the Spain in terms of installed capacity

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