SUSI Partners, the Zurich-based fund manager, has announced the acquisition of two ground-mounted solar photovoltaic (PV) plants in Italy for an undisclosed sum.
The plants, collectively known as MOCA Solar, add up to 6 MWp (megawatt peak) of capacity. They are located in Montalto di Castro in the province of Viterbo in the Lazio region; and Castel Giorgio in the province of Terni in the Umbria region.
“Despite the complex regulatory framework and the ever-changing legislation we still see the Italian PV market as appealing given the secondary market opportunities with attractive risk-adjusted returns and experienced operations and maintenance providers,” said Otto von Troschke, SUSI chief investment officer, in a statement.
The investment in the plants, which have been operational for three years, comes from SUSI’s Sustainable Euro Fund I. The deal is supported by Italian bank UniCredit as senior lender.
Towards the end of last week, SUSI announced the acquisition of ThirdStep France, a 39-MWp solar PV portfolio in France which is currently in construction and expected to be operational before May this year.
Around a week ago, the firm unveiled an investment in Finland’s Project Latamaki, an 18-megawatt wind power project which is expected to be operational in the third quarter of this year.
Both the French and Finnish investments, as with the Italian investment, were made from the SUSI Sustainable Fund I. SUSI invests in European solar and wind parks and energy efficiency retrofits of existing infrastructure.