First Reserve Draws Bids for 101 MW Italian Solar Plants

7/22/16

Private equity firm First Reserve has put up for sale a number of solar plants in Italy with a combined capacity of 101 megawatts drawing bids each worth around 100 million euros ($110 mln), several sources close to the matter said.

First Reserve is selling Italy’s San Bellino plant, the country’s biggest photovoltaic plant located in the north-eastern Veneto region, with an installed 70.5 MW capacity, and other assets.

The winning bid will be selected by July 27, the sources said.

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