Dentons assisted Clean Capital Energy (CCE) and enernovum, in relation to a long-term framework agreement signed with Hanwha Energy Corporation for the development of a 200 megawatt photovoltaic (PV) portfolio in Italy.

CCE and enernovum are both global energy companies, which have been successfully engaged in the Italian PV market for more than 10 years. Two years ago, they formed a joint venture to develop a pipeline of grid-parity plants, which can be operated without any subsidies. This joint effort has led to a pipeline of project rights with a total size of one gigawatt in central and southern Italy, which covers the energy needs of about 300,000 households. As a result, CCE and enernovum have become one of Italy’s largest developers of grid parity projects.

Italy has made an enormous progress in the expansion of renewable energies, especially in the PV market, as the country has one of the highest levels of solar radiation in Europe.

Dentons acted with a multidisciplinary team, led by partner Carsten Steinhauer, Head of the Energy practice in Italy, and composed of counsel Christian Fabricatore for corporate aspects, associate Riccardo Narducci for the development contracts, and managing counsel Mileto Mario Giuliani for the regulatory aspects related to the portfolio.

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