M&A Transaction

Italian Renewable Resources (L&B Capital) acquires 100% of TEP Foggia 4, an agrivoltaic plant project company in Puglia

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Alvaro de la Maza

Partner at Aninver

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Key Takeaways

  • Sector: Energy Infrastructure & Renewables.
  • Geography: Italy.

Analysis

  • L&B Capital's Italian Renewable Resources fund has acquired full ownership of TEP Foggia 4.
  • TEP Foggia 4 is developing a 90 MWp agrivoltaic plant in Puglia, Italy.
  • The plant is authorized and ready to build, covering approximately 100 hectares.
  • The acquisition was made from TEP Renewables PV, part of the TEP Renewables Ltd group.
  • This deal aligns with L&B Capital's strategy of medium-to-long-term investment in sustainable energy infrastructure.