May 8 (Renewables Now) - Ardian Infrastructure and Glennmont Partners have made binding offers for the ownership interests held by Athena Investments A/S (CPH:ATHENA) in certain Italian and Spanish renewable energy assets totalling 205.5 MW.
Ardian and Glennmont are interested in buying Athena’s 50% stake in the 98.9-MW Monte Grighine wind farm in Italy as well as 100% of five other plants, more details of which are available in the table below.
|Monte Grighine||Wind||98.9 MW||Italy||50%|
|Nardo Caputo||Solar||9.8 MW||Italy||100%|
|La Castilleja||Solar||9.8 MW||Spain||100%|
|Minerva Messina||Wind||48.3 MW||Italy||100%|
The suitors are offering a total purchase price of EUR 90.9 million (USD 101.8m).
Athena said in a statement that it will review the binding offers together with its relevant advisers.
In December 2018, Athena announced an award of EUR 7.4 million in an arbitration procedure against Italy related to changes in the country’s renewable energy legal framework. Just a month earlier it won a similar case against Spain.
(EUR 1.0 = USD 1.120)