Tenders for Assignment of Gas Distribution Concessions
Of CounselMilan, Rome
Pina is a member of the Energy & Infrastructure Group. She is an expert in administrative law, focusing on public procurement, planning and urban development law, project financing and utilities. She also has significant experience in renewable energy.
She advises sponsors and banks in acquisition transactions and project financings for the construction and implementation of renewable energy projects.
Pina lectures at conferences and seminars on energy and project finance and is a qualified Italian lawyer.
iCON Infrastructure, in the acquisition from EGEA S.p.A. of a 49% stake into two
holding companies owning gas distribution and district heating businesses in
Northern Italy, and in the negotiation of the related shareholders agreements;
UniCredit S.p.A., as Sole Structuring MLA, Lender, Hedging Counterparty, Transaction Agent and Account Bank, and two institutional investors, as underwriters, in the Euro 87 million refinancing of the portfolio of 40 photovoltaic plants owned by Sungem Holding Italy S.p.A. through 10 SPVs. The complex financing transaction comprises of a project finance loan and a bond;
VEI Green, in the sale to ERG of a 90MW portfolio of operational PV assets in Italy with an enterprise value in excess of Euro 330 million;
VEI Green (controlled by VEI Capital) and Foresight Group, in a corporate reorganization aimed at consolidating the respective PV portfolios (approx. 90 MW) into the joint venture vehicle ForVEI, thereby optimizing the returns from existing assets (also through a €180 million limited recourse facilities granted by UBI Banca S.p.A., Banca IMI S.p.A., UniCredit S.p.A. and Mediocredito Italiano) and creating a platform for subsequent investments in PV assets;
A pool of banks composed by Banca Imi SpA, Unicredit Spa, ING Bank N.V. and Ubi Banca SpA in the refinancing of the 90MW wind portfolio of Whysol Investment I S.p.A.;
Sonnedix, in the acquisition of a portfolio of PV plants in Italy having an aggregate installed capacity in excess of 20MW;
Orizzonte and Fondaco, in the structuring, negotiation and completion of an acquisition of the 49 percent shareholding in a newco holding concessions for gas distribution in Italy and Romania
KGAL, in the acquisition of a company owning 4 hydroelectric plants in Northern Italy;
Glennmont Partners (formerly BNP Paribas Clean Energy Partners) in:
the acquisition of a 60 MW wind project in Italy, as well as drafting and negotiation of the sale and purchase agreement, the turbines supply agreement, the balance of plant agreement, and the operation and maintenance agreement;
the obtainment of a Euro 87.9 million project financing granted by a pool of banks which included ING Bank N.V., UniCredit S.p.A. and Siemens Bank Gmbh for construction and operation of the above mentioned 60 MW wind project;
the acquisition of a 10 MW wind farm in Italy from Iberdrola;
Orizzonte SGR, in the acquisition of a 49% share capital in Anapo Gas and Ebgas from certain companies belonging to Consorzio tra Cooperative di Produzione e Lavoro. The two companies are natural gas suppliers in the Liguria and Sicilia regions;
Ardian, in the acquisition from PLC Group of 80% of the share capital of Tolve Windfarms Holding S.r.l., holding company that controls 3 SPVs owning 3 wind power plants located in the Tolve Municipality for a total capacity of 37.2 MW;
Trading Emissions Plc, in the sale to Sonnedix of several companies owning approx. 16 MW of solar plants in Italy.