Watson Farley & Williams (WFW) has advised Predica, an investment subsidiary of Crédit Agricole Assurances, on its share acquisition in the Renvico 329 MW Franco-Italian wind portfolio from Engie.
Renvico is a renewable energy developer specialising in wind farm management and was acquired by Engie in March 2020. It operates a wind portfolio with total installed capacity of 329 MW, including 187 MW located in France and 142 MW in Italy. WFW advised Predica on all legal due diligence and project-related aspects of the acquisition, including Italian tax law matters, as well as the SPA negotiations and investment documentation relating to the former.