Vitale assisted Ardian in acquiring 100% of a 116 MW portfolio comprising 117 solar plants in operation located across multiple Italian regions. The portfolio enhances technological diversification of the existing Ardian Clean Energy Evergreen Fund's (ACEEF) Italian platform, with state-of-the-art revamped solar asset still benefiting from attractive feed in tariffs. The seller is E2E, an Italian company active in the renewable energy sector led by entrepreneur Gianluca Lancellotti.

The solar assets have more than 10 years of strong operating track record and many of them have been recently repowered and revamped with Tier 1 technology, delivering improved operational performance, reliability and uplift the installed capacity of the portfolio. 
This transaction is fully aligned with ACEEF’s strategy focused on highly contracted brownfield renewable assets with a balanced and diversified portfolio of generation capacity and offer highly visible opportunities to enhance capacity thanks to the strategic location of the existing assets in the Italian market.

This acquisition further strengthens ACEEF’s Italian fleet, which now holds ca.  400MW of wind, solar, hydro and biogas asset in operation and more than 400MW of asset under development to scale rapidly in the Italian market, consistently with Ardian value creation strategy. InEnergy, ACEEF Italian platform managing all renewable energy assets of the Fund in Italy will provide asset management and development services to the portfolio with its 50+ Team of experienced professionals.

Vitale acted as financial advisor to Ardian, supporting the client in the economic and financial evaluation of the transaction, the preparation of the business plan, the structuring of the deal, negotiation activities and coordination of the due diligence process.

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