Quercus announces official grant of incentive for Italian solar plant

LONDON--()--Quercus Assets Selection S.C.A. SICAV - SIF, through its subsidiary Lux Renewable Holdings SA, has supported the construction of a 20MW photovoltaic plant in the town of Celano (in the Abruzzo region), which was unfortunately hit by an earthquake in 2009. The plant will be producing 28,500 MWh per annum, powering on average 10,300 homes and saving 10,700 tonnes of CO2 emissions annually. The plant has been granted a subsidised rate as per the second Conto Energia in accordance with the extension granted to support the regions hit by the earthquake.

The following people took part in the operation as legal advisors to the fund:

Macchi di Cellere Gangemi advised on the aspects of administrative law, corporate and project contracts, with a team led by partner Alessia Marconi, assisted by partners Silvia Dell'Atti and Alessandro Sergio; Legance in the aspects of financial law with partner Monica Colombera and LS Lexjus Sinactanegli advised on fiscal and financial aspects with the Chartered Accountant and partner Maurizio Di Marco Tullio.

About Quercus

Quercus Assets Selection Sarl is the general partner of the SICAV-SIF Quercus Assets Selection SCA which is regulated by the CSSF in Luxembourg. The objective of Quercus Assets Selection is to create a balanced portfolio of assets, diversified both technologically and geographically, which seek to protect against inflation and provide a low correlation with traditional financial markets and deliver stable and predictable cash flows over a long investment period. The Quercus team has significant experience in energy infrastructure, traditional and alternative investments. Quercus also has a well-developed network of highly-regarded external partners, enabling Quercus to benefit from breadth of expertise difficult to find in a single organisation.

Contacts

For further information please visit www.quercus-partners.com or contact:
Quercus:
Quercus Investment Partners
Gabriele Cappelletti
Associate – Sales and Marketing
Tel: +44 20 7871 4527
E-mail: gabriele.cappelletti@quercus-partners.com
or
Instinctif Partners, UK Media Enquiries
Mark Walter
George Yeomans
Тel: +44 (0)20 7457 2020
E-mail: Quercus@instinctif.com

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