Client:
Kinesis
Date:
July 2024
Object of the assignment:
Financial Advisor to the Seller
With:
In July 2024, ValeCap acted as exclusive financial advisor to Kinesis Enerji Group (“Kinesis”) for the sale of a 111 MW greenfield photovoltaic (PV) portfolio (the “Portfolio”) to Verbund AG (“Verbund”), Austria’s leading electricity company and one of Europe’s largest renewable energy producers.
The Portfolio consists of two PV projects located in the Lazio region:
- Project Aprilia – a 60.2 MW solar PV project that has already reached ready-to-build status;
- Project Ardea – a 50.4 MW agri-voltaic project currently at an advanced stage of development.
Kinesis, headquartered in Ankara (Turkey), is an international renewable energy investor active in both wind and solar power. Since its inception in 2008, the Group has developed, constructed, operated, and sold renewable assets in Turkey and Italy for a total of over 100 MW. The Portfolio was developed through a joint venture between Kinesis and Ingenium Group, a renewable energy development platform operating in Italy, Spain, and the Balkans.
Verbund, listed on the Vienna Stock Exchange, focuses on generating, transmitting, and trading electricity primarily from renewable sources, with a leadership position in hydroelectric power and a growing footprint in wind and solar.
This transaction further demonstrates the growing interest of leading European utilities in Italy’s renewable energy sector and reinforces ValeCap’s position as a trusted advisor in high-profile cross-border renewable transactions.