Francesca Palma

Associate
M&A, Project Development and Project Contracts

Francesca deals with transactions in the renewable energy sector with a particular focus on M&A profiles, providing assistance to Italian and foreign companies, banking institutions and investment funds on a wide range of corporate transactions, including disposals and acquisitions of assets and shares, joint ventures and other corporate transactions related to renewable energy projects. She is involved in the drafting of all transaction documents, including sale and purchase agreements, joint venture agreements, framework agreements, development/co-development agreements and shareholders’ agreements. In addition, she conducts research and participates in due diligence activities, also assisting throughout the closing and post-closing activities.

Notable Experience

 

Representative transactions Francesca has recently advised include assistance to:

 

Abrdn in the acquisition, through a joint venture established with Blu-H Energy, of multiple operating biogas plants located in Italy, to be converted into biomethane production facilities

ACEA in the sale to the JV between Acea and Equtix of 100% of the corporate capital of Acea Renewable S.r.l. and Fergas Solar 2 S.r.l. owning a portfolio of PV plants in operation, with an aggregate capacity of around 15 MW

 

Bluefield in:

  • the sale of a portfolio of 10 operating PV plants in Apulia Region, Italy, with an aggregate capacity of approximately 10 MW.
  • the acquisition of 100% of an Italian SPV, owning 2 PV plants in operation in Lazio Region, Municipality of Bracciano, with an aggregate capacity of approximately 1.5 MWp.

 

European Energy, in:

  • the sale of 100% of the corporate capital of an Italian SPV, owning a “ready-to-build” PV plant located in Ramacca and Aidone (CT), Sicily Region, with a capacity of approximately 68 MW
  • the sale of 50% of the corporate capital of an Italian SPV, owning a PV plant to be constructed and connected to the grid in Mineo (CT), Sicily Region, with an expected capacity of approximately 145 MW

 

iCON Infrastructure, in:

  • the sale of 100% of the corporate capital of Lime Energia, in turn owning 49% of 3 HoldCos owning the district heating, gas distribution and public lighting businesses of EGEA Group, thus representing the iCON Infrastructure exit from those businesses
  • the acquisition of the Bardonecchia ski resort through the acquisition of approximately 96,7% of the corporate capital of Colomion S.p.A.

 

Innovo Renewables in the acquisition of 2 PV plants, including one agrivoltaic plant, and the execution of a sale and purchase agreement for the purchase of a third PV plant, with an aggregated capacity of 22 MW.

 

Q-Energy Italia in establishing a joint venture with Mirova for the development, construction, and management of a 250 MW portfolio of renewable energy plants in Italy, including the sale to the JV of a first cluster of 33 PV plants, with an aggregate capacity of approximately 150 MW

 

Sosteneo Fund in the acquisition from ENEL S.p.A. of 49% stake in a newly established company incorporated to develop and operate a portfolio of approximately 2,6 GW of power generation assets under construction in Italy, with expected COD in 2023-2024, including 1,7 GW of battery energy storage system (BESS) and 0,9 GW of open cycle gas turbines (OCGT)

 

Volta Gestione Energie in the sale of a minority quota representing 20% of the corporate capital of an Italian SPV owning a wind farm with a capacity of 43.8 MW in the Municipality of Trapani

Education

Law Degree, University of Roma III, Rome, 2020

Erasmus Student, University of Zaragoza, 2019

BAR ADMISSION

Rome

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