Corporate Finance, REYL Intesa Sanpaolo’s business line responsible for investment banking, acts as financial advisor to Quercus Real Assets Limited (“Quercus”) on a partnership with Gunvor Group (“Gunvor”) for the development and financing of c.3GW of solar photovoltaic projects in Italy.

Based in the UK, Quercus Real Assets Limited is a renewable specialist focused on investments within the Energy Transition. Since its inception in 2010, Quercus has completed over 40 transactions in solar, wind, and biomass energy.

Quercus has signed a partnership with Gunvor, one of the largest international independent commodity trading houses, for the development, construction, and financing of c.3GW of solar PV projects located in Italy.

This partnership is a testament to Quercus’ track record in large renewable energy projects in Europe. REYL Intesa Sanpaolo acted as financial advisor on the transaction, which is subject to regulatory approval and other closing conditions.