M&A Lawyer Discusses Italian Wind Market

M&A and private equity special counsel Anna Spano recently spoke with Wind Power Monthly about the Italian wind market becoming more comfortable with the country's feed in tariff auction “(FIT)” process.

According to the publication, a tariff was assigned to a diverse group of investors, with mid-sized Italian renewable players Asja Ambiente and Tozzi Renewable Energy (in which AXA Private Equity is a major investor), the development arm of Spain's Gamesa, EDP Renewables and Italian utility Edison among those receiving a FIT.

Spano commented that "the auction results show that there is still room for pure renewable players in the Italian market. A lot of people thought that only the big utilities would be able to compete in the auction process." ​