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Capcora advises Goodyields on sale of operational solar PV project in Italy to LCF Alliance

LCF Alliance (LCF) has added another significant photovoltaic project to its renewable energy portfolio, acquiring a solar park with a capacity of approximately 2.5 MWp in Sicily, Italy. The seller in this transaction is the Renewable Energy Infrastructure Fund II (REIF II), advised by Goodyields Capital Group (Goodyields). The M&A advisory role on behalf of Goodyields was expertly handled by Frankfurt-based consulting firm Capcora.

The solar park, situated in the municipality of Acate, Sicily, commenced operations in August 2011 and is currently operating under the Conto Energia IV scheme. This ensures a 20-year feed-in tariff, which will remain in effect until August 2031. With the capability to provide renewable energy to 1,000 households, the project contributes significantly to the region’s sustainable energy goals.

LCF Alliance has been actively involved in the Italian renewable energy market since 2017, emphasizing the expansion of its Independent Power Producer (IPP) portfolio. The company has a strategic focus on aggregating small-scale feed-in tariff accredited solar PV plants in Italy. With over 110 assets successfully aggregated, refinanced, and performance-enhanced, LCF’s total capacity now exceeds 100 MW.

Christian Auer, Head of Investments at Goodyields, expressed satisfaction with the sale, stating, “The successful sale of the Italian asset underlines the performance of the Renewable Energy Infrastructure Fund II, delivering a return to its investors well above target return.”

Legally, LCF Alliance received advice from Rödl & Partner, while Watson Farley & Williams supported Goodyields in the transaction. Capcora played a crucial role as the M&A advisor for Goodyields, contributing to the successful completion of the deal.


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