Partners Group Invests in Northern Italy Solar Power Plant

Partners Group has made a direct investment in a 71 MW solar photovoltaic power plant in the Rovigo province of northern Italy. First Reserve also invested, according to a statement. Financial terms were not announced.

PRESS RELEASE

Partners Group invests in largest single operating solar power plant in
Europe on behalf of its clients
Partners Group, the global private markets investment manager, continues to
invest in renewable energies and completed a direct investment, along with its
investment partner First Reserve, into a 71 MW solar photovoltaic power plant on
behalf of its clients. The plant is located in the Rovigo province of northern Italy
and is currently the largest single operating solar power plant in Europe. It was
connected to the grid in November 2010 and sells power under the 2010 Italian
feed-in tariff, providing high revenue stability for 20 years of operation. The plant
was developed by SunEdison, a leading worldwide solar energy services provider
and a subsidiary of MEMC Electronic Materials.
In its first year of operation, the system is expected to generate enough energy
to power approximately 16’500 homes and prevent the emission of 40’000 tons of
CO2, which would equate to the removal of 8’000 cars from the road.
Michael Barben, Partner and Head Private Infrastructure, comments “We have
long identified the rising need for environmentally-friendly sources of energy and
the potential offered by investments in this segment. This transaction highlights
Partners Group ability to source investment opportunities in line with our relative
value approach, to utilize our local presence in separate geographies and to
partner with other leading infrastructure managers.”
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About Partners Group
Partners Group is a global private markets investment management firm with
over EUR 20 billion in investment programs under management in private equity,
private debt, private real estate and private infrastructure. The firm manages a
broad range of funds and customized portfolios for an international clientele of
institutional investors. Partners Group is headquartered in Zug, Switzerland and
has offices in San Francisco, New York, São Paulo, London, Guernsey,
Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The
firm employs over 500 people and is listed on the SIX Swiss Exchange (symbol:
PGHN) with a market capitalization of above CHF 4.5 billion with a clear majority
owned by its 36 Partners and all employees.