UBS Asset Management (UBS-AM) Real Estate & Private Markets has acquired a 14.4-megawatt operating portfolio of solar photovoltaic assets and a 4-megawatt biogas portfolio from affiliates of Econergy Renewable Energy and funds managed by Econergy's partner, RGreen Invest. UBS-AM also has secured an option to acquire a further 22 megawatts of operating solar photovoltaic assets. Financial terms of the transaction, which was negotiated on a bilateral basis following an initial competitive process, were not disclosed.
In parallel, UBS-AM has formed a new exclusive partnership with Econergy for the construction and operation of a 1.1-gigawatt solar photovoltaic and wind pipeline in Italy. UBS-AM will invest in the pipeline as it becomes ready to build.
Econergy is a renewable investment and management company operating in the Italian renewable energy market with an established 10-year track record of successful development, investment and management of renewable energy
