UK investor acquires stake in Italian developer – EQ Mag
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iCon infrastructure will become majority shareholder in NVA, which has a 3GW renewables pipeline
Funds advised by iCON Infrastructure entered into a partnership with Italian renewable energy NVA, a renewable energy focused on the development, construction and operation of 3GW of renewable energy projects.
iCON, via its funds, will become the majority shareholder in NVA and will support the company’s growth with a strategic target for it to become a multi-technology independent power producer focusing on technologies such as utility-scale solar PV, onshore wind and biogas.
NVA currently has a proprietary pipeline of approximately 3GW spread across the targeted technologies. NVA was supported by SURE – Sustainable Revolution, while iCON was advised by Green Horse Legal Advisory and Campa Avvocati assisted NVA’s existing shareholders.
Source: renews
