Vestas has successfully sold a substantial 656MW wind portfolio to Italian renewable energy producer PLT Energia. The transaction underscores Vestas' dedication to expanding its footprint in the renewable energy sector, particularly in vital markets such as Italy.
Financial advisory services for Vestas were exclusively provided by Rothschild & Co, with legal counsel from L&B. On the other side of the deal, PLT Energia enlisted legal advice from BonelliErede and sought technical expertise from Fichtner.
Pierluigi Tortora, Chairman of PLT Holding, expressed satisfaction in concluding the deal with Vestas, a longstanding global partner in the realization of wind power projects. “It is a source of pride for us to have concluded this deal with Vestas, a leading global operator with whom we have been collaborating for years,” Tortora remarked.
Inigo Sabater, Senior Vice-president Development EMEA & LATAM at Vestas, acknowledged the value of partnering with a reliable collaborator like PLT Energia. “It is a pleasure to do business with a solvent and capable partner as PLT Energia that will continue investing in developing these projects, which are designed for Vestas technology,” Sabater noted. He further emphasized Vestas Development's ongoing commitment to establishing a high-quality project pipeline in Italy.
Sabater described the transaction as a major milestone in Vestas' project development efforts, highlighting the ability to leverage the development portfolio to enhance collaboration with Vestas' customers. The neutral and cooperative tone of the statements aligns with the positive outlook for sustained growth in the renewable energy sector.