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.