Quercus announces official grant of incentive for Italian solar plant

Quercus Assets Selection S.C.A. SICAV – SIF, through its subsidiary Lux Renewable Holdings SA, has supported the construction of a 20MW photovoltaic plant in the town of Celano (in the Abruzzo region), which was unfortunately hit by an earthquake in 2009. The plant will be producing 28,500 MWh per annum, powering on average 10,300 homes and saving 10,700 tonnes of CO2 emissions annually. The plant has been granted a subsidised rate as per the second Conto Energia in accordance with the extension granted to support the regions hit by the earthquake.

The following people took part in the operation as legal advisors to the fund:

Macchi di Cellere Gangemi advised on the aspects of administrative law, corporate and project contracts, with a team led by partner Alessia Marconi, assisted by partners Silvia Dell’Atti and Alessandro Sergio; Legance in the aspects of financial law with partner Monica Colombera and LS Lexjus Sinactanegli advised on fiscal and financial aspects with the Chartered Accountant and partner Maurizio Di Marco Tullio.