Germans invest in Italian wind
Blue Elephant Energy acquires 20MW wind farm in Basilicata region
German outfit Blue Elephant Energy (BEE) has acquired a 20MW wind farm in the province of Potenza in the Basilicata region of southern Italy.
The project, sold by Danish outfit European Energy Group, consists of 10 Vestas V110-2MW turbines.
The wind farm has been operational since early 2017.
International law firm Watson Farley & Williams advised BEE on the acquisition.
Hamburg-based WFW corporate/energy partner and team lead Wolfram Böge said: “We are delighted to have worked with BEE on yet another transaction.
“The long-standing and close relations both WFW Germany and Italy enjoy with BEE’s core management team were key to the successful completion of this transaction.”