LCF Alliance (LCF) has added another significant solar power project to its renewable energy portfolio, acquiring a solar park with a capacity of approximately 2.5 MWp on the Italian island of Sicily. The seller of the transaction is Renewable Energy Infrastructure Fund II (REIF II), advised by Goodyields Capital Group (Goodyields). Frankfurt-based consulting firm Capcora acted as M&A advisor on behalf of Goodyields.
The solar park, located in the city of Acate, Sicily, began operations in August 2011 and is currently operated under the Conto Energia IV plan. This will ensure a 20-year feed-in tariff, valid until August 2031. The project will be able to provide renewable energy to his 1,000 homes, making a significant contribution to the region’s sustainable energy goals.
LCF Alliance has been actively involved in the Italian renewable energy market since 2017, with a focus on expanding its Independent Power Producer (IPP) portfolio. The company has a strategic focus on aggregating small-scale feed-in tariff certified solar power plants in Italy. With over 110 assets successfully consolidated, refinanced and performance improved, LCF’s total capacity now exceeds 100 MW.
“The successful sale of the Italian assets highlights the performance of the Renewable Energy Infrastructure Fund II, delivering investors well above targeted returns,” said Christian Auer, Head of Investments at Good Yield. He expressed his satisfaction with the sale.
Legally, LCF Alliance was advised by Rödl & Partner, while Watson Farley & Williams assisted Goodyields in the transaction. Capcola played a key role as Good Yield’s M&A advisor, contributing to the success of the transaction.
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