Stern Energy SpA "launches" Stern & Partners II srl with the aim of acquiring PV systems on the Italian secondary market

Stern Energy SpA "launches" Stern & Partners II srl with the aim of acquiring PV systems on the Italian secondary market

Following the successful completion of the investment process and the results achieved in the first two years of activity by Stern & Partners Srl (S&P Srl), Stern Energy SpA (Stern) promoted the implementation of a second initiative called Stern and Partners II Srl (S&PII). S&PII is a holding company with private equity investments, with the aim of acquiring PV systems on the Italian secondary market, for a total countervalue of about € 50 Meur

 

Stern is a minority shareholder of S&P II and will manage the maintenance of the photovoltaic plants subject to acquisition.

 

On 09/07/2018, S&PII completed the acquisition of the first PV plant through its 100% subsidiary Fermo Energia Srl. The plant is located in Fermo, it has a capacity of approximately 1 MWp and enjoys the incentive tariffs of the IV Conto Energia. This transaction was financed by UBI Banca.