SolEs Montalto sold 78.5% stake in largest PV plant in Italy

Client(s) SolEs Montalto GmbH

Jones Day advised SolEs Montalto GmbH, an investment fund managed by the AREAM group – a European asset manager in the renewable sector headquartered in Dusseldorf, Germany – on the sale of 78.5% of the shares in a company which manages two photovoltaic plants with a total installed capacity of 51.4 MW in Montalto di Castro, Italy, to ERG Power Generation S.p.A., an affiliate of the ERG group. The Montalto di Castro plant is the largest photovoltaic power plant in Italy. SolEs will retain its current 21.5% stake in the company and will enter into a shareholders' agreement with ERG.