London, Milan - January 17th, 2024 - EOS Investment Management Group (EOS IM), independent asset manager specialised in fund management for alternative investment funds focussed on the energy and sustainable transition, announces the sale to Obton A/S (Obton), a Danish group specialising in sustainable technology investments and the largest investor in solar parks in Northern Europe, of a further 2 photovoltaic plants in Italy, with a total capacity of 12MW.
The assets, in operation since 2012 and in the portfolio of EOS Energy Fund I (the first infrastructure fund promoted by EOS IM) benefit from the Italian subsidy regime “Quarto Conto Energia” and are located in Southern Italy. The plants are able to generate more than 16 GWh per year and meet the annual energy needs of around 6,500 households, saving more than 10 thousand tonnes of CO₂ compared to energy produced from fossil fuels. This sale is in addition to a previous transaction conducted in November 2020, for a portfolio with total of 30MW of solar plants, which was sold by a fund managed by EOS IM to Obton.
"We are proud to have successfully completed the sale of a further 12MW of solar plants by our Energy I Fund to Obton, a leading pan-european investment firm," commented Natalino Mongillo, Managing Partner of EOS IM. " This transaction confirms once again our ability to create value for the portfolio and generates important returns for our fund, strengthening our position as an investor strongly focused on the energy and sustainable transition."