Following this transaction, the pipeline acquired by GAIF during 2021, consisting of photovoltaic, wind and hydroelectric plants in operation, under construction and ready-to-build, now exceeds 800 MW. In addition to projects in biomethane production, storage/EV charging infrastructure and 5G towers.
Daniele Camponeschi, the founder of Green Arrow Capital and CIO said, “This acquisition in Spain is the first major international transaction aimed at consolidating GAIF's positioning abroad. This investment will provide the fund with a significant initial presence in the Spanish market. Our goal is to make further strides towards becoming a key player in energy transition and to expand our strategy of integrating the value chain of the renewable sector internationally. It is this investment strategy that sets GAIF apart from its competitors. In this regard, we are pleased to announce that, in partnership with E-GAP, the fund's activities regarding storage and EV charging infrastructure will soon be launched in Spain, France and Germany (starting from Madrid, Paris and Munich respectively)”.
For Green Arrow Capital SGR, the operation was overseen by Daniele Camponeschi,together with Giulio Barendson and Federico Giannetti.
In Spain, the Green Arrow Capital team received legal advice from Watson Farley Williams (specifically, the lawyers María Pilar García Guijarro, Enrique Thomas de Carranza, Javier Ester and Jaime Salazar Arrancudiaga) and support from the technical consultancy firm Altermia (David Saori).
For Progressum Energy Developments,the operation was supervised by the firm’s CEO, Marco Antonio Macias Rodriguez, and legal counsel, Marta Van den Bergh.