Kiwa Moroni next to Obton

The Danish investor finalizes the acquisition of 7 new photovoltaic plants

19/5/2021
Kiwa Moroni continues its technical Due Diligence activities in the photovoltaic sector, this time next to Obton, for the acquisition of 7 photovoltaic plants in Emilia-Romagna.

Kiwa Moroni had the pleasure to support Obton A/S, a Danish investor in sustainable technologies, in the acquisition of a pipeline of 7 photovoltaic plants in Emilia-Romagna, for a total power of about 7 MW. The plants have been sold by Zegrona Holding Limited.

In the transaction, Obton has been assisted by the law firm Orrick and by the financial advisor CFR Group, while Kiwa Moroni has followed all the aspects related to the technical Due Diligence. In particular, the analyses were carried out on the authorization process, on the GSE incentive practices, on the technical aspects with verifications in the field, on the producibility of the plants and on the inputs of the financial model (Revenues, OPEX and CAPEX) functional also to the refinancing of the assets.  

According to the report of the platform Solarplaza, Obton, founded in 2008, is among the 10 largest owners of photovoltaic assets at European level. In fact, if at the end of 2019 it counted more than 700 solar projects worldwide for a total capacity of 867 MW, during 2020 more were added to reach a total capacity of 982 MW.

Renewable energies and future investments’ perspectives

According to IHS Markit, global investments in renewables will reach $255 billion in 2021. A growth of +8.5% compared to 2020 and in line with the numbers recorded in 2019. A figure that is also set to remain constant for a few years, with the estimate that around $1.3 trillion will be invested in renewable energy in the period 2021-2025, 9% more than in 2015-2019.

This will be possible mainly thanks to the sharply declining costs of clean technologies, which together with an increasingly strong commitment of public and private actors in reducing their polluting emissions, will be the driving factors of the near future.

Specifically, the drop of about 54% of the global average cost related to photovoltaic systems during the period 2015-21, puts solar energy in first place for those who want to invest in a sustainable future.

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