Firms To Watch: Industry focus: Energy

Andersen in Italy established a practice in this area following the arrival of Carlo Gioffrè as partner in early 2023.
Deloitte Legal Italy -Società tra Avvocati a r.l.‘s energy projects practice is led by Milan-based of counsel Filippo Manaresi, an energy, oil and gas, and infrastructure sector specialist (and March 2022 hire from Gianni & Origoni).
Elevated to partner in May 2022, Eversheds Sutherland Associazione Professionale‘s Milan-based Daniela Viaggio is a specialist in clean energy-related project finance transactions (both in Italy and overseas).
PwC TLS Avvocati e Commercialisti‘s energy and utilities hub is led by Milan-based Tommaso Tomaiuolo, who is experienced in projects involving solar, wind, biomass and geothermal energy, as well as green hydrogen and other renewable energy projects.

Industry focus: Energy in Italy

BonelliErede

Delivering ‘a best-in-class service‘, BonelliErede‘s energy and ecological transition team covers high-stakes transactions, as well as providing advice and litigation assistance in the energy and grid markets. It also houses specialists in EU law, and has go-to practices in renewable energy, hydrogen use, and energy efficiency. ‘A true energy sector market leader‘, Catia Tomasetti is group head, while Gabriele Malgeri specialises in project finance. The second line of advisers features experienced managing associate Daniela De Palma and senior counsel Giovanna Zagaria. Former partner Elena Busson exited for Chiomenti in early 2023.

Practice head(s):

Catia Tomasetti


Other key lawyers:

Gabriele Malgeri; Daniela De Palma; Giovanna Zagaria


Testimonials

‘BonelliErede continues to offer a best-in-class service, anticipating issues and helping banks to analyse potential risks.

‘Very professional, great skills, and extremely dedicated to clients – the team is outstanding.

Very deep knowledge of the industry and direct contact with policy makers, which helps a lot in anticipating trends.’

‘Catia Tomasetti’s team is at the very top level for sector financings – the team is dedicated, effective, fast to react and competent, and Catia has a unique comprehension and penetration of the sector’s deep dynamics.’

‘Catia Tomasetti is a true energy sector market leader.’

‘Catia Tomasetti is a leading figure who knows everything about the financing sector, and ensures successful transactions from strategic points of view.’

‘Catia Tomasetti, Gabriele Malgeri and Daniela De Palma have top-notch capabilities as lawyers and advisers, and are always up to date with respect to new laws/decrees.’

‘Catia Tomasetti, Gabriele Malgeri and Daniela De Palma always balance an understanding of economic issues with the legal requirements, and they are not shy about raising matters, meaning that their support includes real advice.’

Key clients

ContourGlobal


Terna – Rete Elettrica Nazionale


Alperia


Ascopiave


Work highlights


  • Advised Terna – Rete Elettrica Nazionale on the construction and operation of the interconnector infrastructure between Italy and Austria.
  • Assisted Snam with the acquisition from Eni of a 49.9% stake in a newly incorporated company that will own stakes (currently owned by Eni) in companies that operate two groups of international gas pipelines (connecting Algeria to Italy).
  • Advised European Investment Bank, Cassa Depositi e Prestiti and UniCredit (as lenders) on a complex financing and refinancing transaction involving two wind portfolios.

Gianni & Origoni

Gianni & Origoni‘s infrastructure, energy and natural resources department consistently advises on major energy market matters. Clients particularly benefit from the firm’s leveraging of its M&A, project finance, litigation, regulatory, and environmental and administrative law expertise. The practice is co-led by Francesco Puntillo, who ‘stands out‘, and oil and gas, energy and infrastructure expert Ottaviano Sanseverino. Other key advisers are public law specialists Giuseppe Velluto and Stefano Cunico, M&A expert Francesco Bruno, and transactions practitioner Arrigo Arrigoni. Guido Reggiani is a recently promoted partner, while Angelo Crisafulli is an experienced counsel.

Other key lawyers:

Giuseppe Velluto; Stefano Cunico; Francesco Bruno; Arrigo Arrigoni; Guido Reggiani; Angelo Crisafulli


Testimonials

‘The team is very pro-deal – it comprises hard workers, who make delivery within tight timetables possible.’

‘A pro-transaction approach that allows things to happen.’

‘GOP leverages deal-oriented and extremely experienced lawyers – having GOP on your side enables complex M&A transactions.’

‘GOP’s individuals are reliable lawyers, delivering within tight deadlines and maintaining high-quality support.

‘Deep knowledge of the market, availability, commercial approach, and a large dedicated team.’

‘Francesco Puntillo stands out for his competence, knowledge of the market, strong negotiation skills, and vision.’

Francesco Puntillo is a strong asset for the firm – he has unparalleled negotiation capabilities and connections in the Italian infrastructure space.

‘Francesco Bruno is an extremely talented professional.’

Key clients

Macquarie Infrastructure & Real Assets (Europe)


Naturgy


Iberdrola


Terra Firma Capital Partners


Engie


AXA Real Estate Investment Managers


A2A


Terna


IREN


Quaero Capital


Alperia


Ardian Infrastructure


Cubico Sustainable Investments Group


Tages Capital


Mitsubishi Corporation


Wood/Amec Foster Wheeler


EF Solare


Predica


Nord/LB Norddeutsche Landesbank


Cubico Sustainable Investments Group


BayWa r.e.


Contour Global


Ital Gas Storage


Adriatic LNG


Esso Italiana


Credit Suisse Energy & Infrastructure Partners


Whysol Renewables Holding 1


Plenium Partners


NextEnergy Capital (NextPower)


Alpiq


Erogasmet


Fondazione Cariplo


European Energy


Repower


Terna


SNAM


Ellomay Capital


Enel X


Infrastrutture


Qualitas Energy


Vei Green


Impax


Statkraft


Imwind


Work highlights


  • Assisted Predica with the acquisition (through Predica Energies Durables) of a 49% stake in Edison Renewables from Edison.
  • Assisted Natixis, Banco Santander (Milan Branch), Banco BPM and Banco Santander with the €120m refinancing of ForVEI II’s portfolio (comprising 44 solar plants).
  • Assisted Fondazione Cariplo with the Territori Virtuosi project, which promotes the energy requalification of public buildings, as well as private buildings owned by non-profit organisations.

Legance - Avvocati Associati

Legance - Avvocati Associati‘s energy group fields over 50 experts in lender and borrower-side project financings, administrative matters, and M&A. Consistently involved in major energy deals, Monica Colombera is the firm’s lead energy, projects and infrastructure practice partner. The team also showcases Filippo Ruffato, a specialist in energy and infrastructure-related M&A, and project financing and development; project finance expert Giovanni Scirocco; and administrative and environmental law specialist Cristina Martorana. Other key practitioners are Antonio Palazzolo, Simone Ambrogi, and senior counsels Valeria Viti, and recently promoted Emanuele Artuso. The firm is also a founding member in Italy of the UN Global Compact, a United Nations programme that aims to encourage companies worldwide to adopt sustainable policies.

Practice head(s):

Monica Colombera


Other key lawyers:

Filippo Ruffato; Giovanni Scirocco; Cristina Martorana; Antonio Palazzolo; Simone Ambrogi; Valeria Viti; Emanuele Artuso


Testimonials

‘A deep network and longstanding energy sector experience.

Legance has been greatly involved in promising market niches such as the energy storage system segment.’

‘Great quality of work and extraordinary energy sector experience.’

‘Extraordinary commitment and quality team.’

‘Cristina Martorana and Valeria Viti are stars in the Italian energy space. They will certainly play leading roles in the southern European energy transition, thanks to their unique expertise.’

Key clients

2i Rete Gas


Acea


Alpiq


AMGAS


Aura Power Developments


Banco BPM


BKW Group


BNP Paribas


BPER Banca


Cassa Depositi e Prestiti


Crédit Agricole


Cubico Sustainable Investment


EF Solare


Enel


Energean


Equitix


European Investment Bank


F2i Fondi Italiani per le Infrastrutture


Green Arrow Capital SGR


Intesa SanPaolo Group


Italgas


Moncada Energy Group


Monte dei Paschi di Siena


NextEnergy Capital


RWE


Sonnedix


Snam Rete Gas


Tages Capital


UniCredit


Whysol Investment Group


Zouk Capital


Work highlights


  • Assisted Reeif II Volta and MobilityTechnology UK with the sale to Eni of Be Power, an electric vehicle recharging operator.
  • Assisted NextPower II GP with the sale to Tages Capital of a portfolio of 105 photovoltaic plants.
  • Assisted Erg (as part of a competitive process) with an agreement to acquire the entire share capital of seven Italian-registered companies (controlled by EDP Renewables Italia Holding and owners of wind farms in Basilicata, Campania and Calabria).

Green Horse Legal Advisory

Green Horse Legal Advisory recently spun out of Orrick, Herrington & Sutcliffe. The practice covers energy transactions and joint ventures, project development, energy financing and litigation. It also assists with the regulatory side of renewable energy plant construction. Other specific specialisms include advising on solar, wind, hydro, gas, and traditional energy players’ sustainability goals. With ‘extraordinary energy sector experience‘, Carlo Montella is the new firm’s managing partner, with additional support at partner level being provided by the ‘highly appreciatedAndrea Gentili and recently elevated Maria Teresa Solaro. Former senior associate Marcello Montresor is now counsel.

Practice head(s):

Carlo Montella


Other key lawyers:

Andrea Gentili; Maria Teresa Solaro; Marcello Montresor


Testimonials

‘The team has deep knowledge of the industry and its members are high-quality people.’

‘Outstanding people from both the professional and personal point of view, and the team has shown deep market knowledge of the energy sector. In particular, clients are provided with a 360-degree vision of the market’s players and similar energy sector business cases.

‘Great attention to the needs of clients and the ability to establish personal relationships.’

‘The whole energy team is excellent.’

‘High levels of professionalism and in-depth knowledge of the topics covered.’

‘Continuous support with both M&A and legal due diligence, and a strong ability to tackle different themes with an extremely concrete and decisive attitude.’

Key contributions come from Carlo Montella, who supplies market insights and shares his extraordinary energy sector experience with clients. Thanks to his vision and advice, clients are able to time their move into the market perfectly and seize the best opportunities.

‘Andrea Gentili is highly appreciated for his ability to understand clients’ goals.’

Ashurst

Ashurst‘s Italy practice acts on a range of energy matters, including solar, wind, hydroelectric, biogas, energy storage, and oil and gas issues. Heading up the firm’s energy team in Italy, Carloandrea Meacci advises on energy and infrastructure-related financings and corporate and M&A work. Also integral to the practice are Elena Giuffrè, who is experienced in the regulatory and administrative law aspects of both renewables and conventional energy, and project finance expert Umberto Antonelli. Energy M&A practitioner Anna Pinzuti is a recently promoted partner, while Nicola Toscano and Federica Periale are experienced senior associates.

Practice head(s):

Carloandrea Meacci


Other key lawyers:

Elena Giuffrè; Umberto Antonelli; Anna Pinzuti; Nicola Toscano; Federica Periale


Testimonials

A preferred partner for clients.

Always supportive, proactive and available.

Key clients

Allianz Global Investor


Arjun Infrastructure Partners


Cero Generation – Macquarie’s Green Investment Group


European Investment Bank


Intesa Sanpaolo


Unicredit


Trina Solar


Work highlights


  • Advised Allianz Global Investors (as lender) on the financing for the acquisition (by a vehicle owned by Sixth Street) of 49% of EniPower’s share capital.
  • Advised Cero Generation on two PPA project financings for the construction of two solar PV projects.
  • Advised Basalt Infrastructure Partners on the €150m green loan refinancing of Basalt Infrastructure Partners II GP’s solar portfolio in Italy.

Chiomenti

Chiomenti‘s team is ‘capable of covering any topic concerning the energy business‘. The practice is experienced in oil and gas, renewable energy, biomass, bio-fuel, energy efficiency, and regasification matters. In addition, the firm recently created an ESG task force, in order to satisfy the cultural changes surrounding the increasing role of sustainable finance and introduction of a new regulatory framework. Energy head Carola Antonini is a go-to practitioner for renewable energy, public tenders, and oil and gas, along with infrastructure concessions, acquisitions and leveraged finance. Other experienced partners are transactions specialist Giulia Battaglia, and administrative law experts Filippo Brunetti and Giulio Napolitano, while Marco Cerritelli assists with infrastructure financings. The counsels to note are Elisabetta Mentasti, Alfredo Vitale and Manuela Cerulli; and Elena Busson, who has broad energy and infrastructure sector expertise, is a recent partner hire from BonelliErede.

Practice head(s):

Carola Antonini


Other key lawyers:

Giulia Battaglia; Filippo Brunetti; Giulio Napolitano; Marco Cerritelli; Elisabetta Mentasti; Alfredo Vitale; Manuela Cerulli; Elena Busson


Testimonials

‘Every team at the firm is completely reliable, with the ability to bring in different people depending on what focus is required by the matter, and there is constant availability from the partners.’

‘Very flexible and responsive.’

‘Chiomenti’s large team is capable of covering any topic concerning the energy business. Always business oriented, not only in its risk assessments, but also in the search for the client’s best solution.’

‘The individuals are professional and available, and ready to discuss any issue and give their support.’

‘Chiomenti supports companies operating in the energy sector in a structured way, through multidisciplinary expertise and specific skills in key areas such as regulatory, M&A, finance and restructuring matters.’

‘The lawyers at Chiomenti have demonstrated important skills in analysis and logical reasoning – an overall strategic vision combined with particular attention to detail and technical competence.

‘Flexibility, availability and willingness to identify the best way to achieve goals through discussions with the client.’

‘Carola Antonini’s skills and expertise are a strong reference point, not only for the client but also for the counterpart’s adviser, which makes it easier to approach any problem.’

Key clients

Enel Green Power Italia


Enel X


ENI


Snam


F2i – Fondi Italiani Per Le Infrastrutture


Aquila


Ardian


FRI-EL Green Power


Ansaldo Energia


CDP RETI


A2A


Terna


Banca Europea per gli Investimenti


BNP Paribas


Greenvest (ESCO)


Banco Bilbao Vizcaya Argentaria


Société Générale


Unione di Banche Italiane


Reden Solar Sas


OX2 AB


FIRE (Federazione Italiana per l’uso Razionale dell’Energia)


Solar NRG


E2i


Banca IMI


ING Bank


Petrolvalves


Fred Olsen


Alerion Clean Power


Ladurner Ambiente


Oxem – Oxon Energia Mezzana


Secundum Naturam Capital


Work highlights


  • Advising Snam on the acquisition of all of Golar LNG NB 13 Corporation’s share capital and the related storage and regasification vessel, Golar Tundra.
  • Advising Ascopiave (as leader of a consortium set up with Acea and Iren) on the acquisition of assets, which relate to the transportation of natural gas.
  • Advising F2i on the acquisition of a biomass power plant portfolio from Enel Group.

Clifford Chance

Clifford Chance‘s Italian group routinely acts for players in the renewable energy, thermoelectric, hydroelectric and hydrogen markets, along with domestic and multinational oil and gas companies. The team comprises specialists in energy-related M&A, tax structuring, real estate, commercial contracts, and project and trade finance. Other areas of expertise range from capital markets to IP, antitrust and international private law. Longstanding energy sector specialist Umberto Penco Salvi heads the Italian energy and infrastructure group, which features Italy managing partner Giuseppe De Palma, along with global financial markets counsels Francesca Cuzzocrea and Chiara Commis.

Practice head(s):

Umberto Penco Salvi


Other key lawyers:

Giuseppe De Palma; Francesca Cuzzocrea; Chiara Commis; Michele Bernardi


Testimonials

‘Very high level of legal competence with a strong commercial acumen that allows the CC team to make the difference during complex negotiations.’

‘Fully dedicated to the deal and the client, particularly Umberto Penco Salvi.’

Key clients

Ascopiave


Edison


Enel Green Power


Eni


Gruppo Arvedi


Infrastructure Investments Fund


Liquigas


Synergo


Total


Work highlights


  • Advised Infrastructure Investment Fund on the acquisition of Falck’s entire stake in Falck Renewables.
  • Advised Edison on the sale to a Predica vehicle company of a 49% stake in Edison Renewables.
  • Advised Eni on an agreement with Azora Capital involving the acquisition of nine renewable energy projects in Spain.

DLA Piper

DLA Piper advises on the M&A, finance, regulatory, litigation, tax and criminal law side to energy matters. Italian energy sector head Vincenzo La Malfa assists with public finance, energy and sustainability work; Giulio Maroncelli is an oil and gas M&A and renewable energy expert; and Germana Cassar advises on the administrative law aspects of renewable energy regulation. Senior independent counsel Francesco Novelli is ‘an outstanding practitioner‘, with Giovanni Ragnoni Bosco LucarelliFederico Zucconi Galli Fonseca and Giampiero Priori providing additional partner-level support. Senior lawyer Fabio Lenzini ‘has very good knowledge‘.

Practice head(s):

Vincenzo La Malfa


Other key lawyers:

Giulio Maroncelli; Germana Cassar; Francesco Novelli; Giovanni Ragnoni Bosco Lucarelli; Federico Zucconi Galli Fonseca; Giampiero Priori; Fabio Lenzini; Mattia Malinverni


Testimonials

The team members are well coordinated and always ready to respond to clients’ requests on time, updating each other on the development of projects. This is really valuable, as they do not require the client to recap the status of projects continuously.

Its approach is very practical and capable of delivering ready-to-use solutions.

The team is highly skilled in all the legal topics that arise during transactions.

Francesco Novelli is an outstanding practitioner – despite his position, he is always present and available for discussions, taking part in meetings and giving valuable advice and guidance, not only in theory but also in practice.

Fabio Lenzini has very good knowledge of the legal side to transactions, and is always able to offer his availability and support.

Key clients

ERG


Ortus


Asja Ambiente Italia


SUSI Partners


Tages


BNP Paribas


Aquila Capital


IrisImpianti Energia Rinnovabile Siracusa


A2A Rinnovabili


Engie Italia


Risen Energy


Energy Dis


Natixis


Societe Generale


Falk Renewables


Alerion Clean Power


Sorgenia


FERA, Fabbrica Energie Rinnovabili Alternative


Hydro Catania


Servizi Idrici Etnei


Juwi Energie Rinnovabili


Saxa Gres


Ortus Power Resource Italy


Energred


Work highlights


  • Assisted ERG Power Generation with the sale to ENEL Produzione of both ERG Hydro and ERG Power.
  • Assisted Natixis, Unicredit and Generali Global Infrastructure with the provision of a green loan to WT II Senior, a subsidiary of Obton, which is active in the solar energy sector.
  • Acted for Goodwind and Renvalue (Ortus Group) before the Regional Administrative Court of Bologna in a case relating to regional regulations, which allegedly established a moratorium on the construction of large, ground-mounted photovoltaic plants.

Studio Legale Associato a Watson Farley & Williams

Studio Legale Associato a Watson Farley & Williams‘ multi-disciplinary energy and renewables coverage combines M&A, financing and project finance credentials with tax, regulatory, litigation, and environmental and administrative law expertise. Admitted to both the Italian and French Bars, practice head Eugenio Tranchino has significant experience in both traditional and renewable energy; Tiziana Manenti is an energy regulatory specialist; Francesco Piron acts for energy, water and waste market entities; and Mario D’Ovidio advises on energy and infrastructure-related project and export finance. Project finance counsel Matteo Trabacchin joined from Grimaldi Alliance during 2022.

Practice head(s):

Eugenio Tranchino


Other key lawyers:

Tiziana Manenti; Francesco Piron; Elvezio Santarelli; Mario D’Ovidio; Luca Sfrecola; Giannalberto Mazzei; Matteo Trabacchin


Key clients

Copenhagen Infrastructure Partners


Snam


Azimut Libera Impresa SGR


Ox2


United Oil & Gas


Kommunalkredit| Austria


Repower


CVA Energie


Alperia SUM


Iberdrola


Enegan Power Trading


Schroders Capital


Solarfields


Atlante


Noy Infrastructure & Energy Investment Fund


Nofar Energy


Belenergia


Sonnedix


Encavis


Blue Elephant Energy


Solar Ventures


Work highlights


  • Advised Copenhagen Infrastructure Partners on its joint venture with GreenIT for the construction of two offshore wind farms.
  • Advised OX2 on the development of a 300MW solar pipeline in Italy.
  • Advised Kommunalkredit Austria on a solar development financing for CCE Solar Invest.

Dentons

Dentons‘ Italy group advises oil and gas sector players, while also focusing on future-facing sectors such as renewable energy, energy efficiency, storage and e-mobility. Carsten Steinhauer assists with the acquisition, sale, development, construction, operation and financing of renewable energy production and transmission facilities, and Mileto Mario Giuliani, who is ‘a brilliant problem solver‘, was promoted to the partnership in May 2023. In November 2022, the firm hired infrastructure and energy projects partner Luigi Costa from Norton Rose Fulbright.

Practice head(s):

Carsten Steinhauer; Luigi Costa


Other key lawyers:

Mileto Mario Giuliani; Riccardo Narducci


Testimonials

‘The team is very responsive and business oriented, with excellent expectations in terms of quality and price.

In M&A deals, the team is able to find viable solutions quickly.’

‘A team that works together very well – very competent people who are always available.

‘The team is very active and the work is of excellent quality. Top experts in the energy sector who provide immediate solutions for clients.

‘Very responsive and very well positioned in the market.’

‘Carsten Steinhauer is a very balanced professional who always has a solid grip on deals.

Mileto Mario Giuliani is a brilliant problem solver.’

‘Mileto Mario Giuliani is really up to date on every energy matter, and has an exceptional problem-solving attitude. He always devotes time to clients by showing great competence and accuracy in relation to every request.’

Key clients

IKAV General Partner


Greencells Group


CCE – Clean Capital Energy


Enernovum


ENGIE


ib vogt


Nordic Solar


Macquarie


Qair Energy


Aura Power


Unogas


Work highlights


  • Advising IKAV on its €500m investment in the construction of nine gas-fired power plants (developed by Metaenergia for the Italian peak capacity market).
  • Advising ENGIE on a €105m green loan (on a non-recourse basis), which was granted by a pool of lenders (comprising Cassa Depositi e Prestiti, BNP Paribas and Société Générale).
  • Advising Clean Capital Energy and Enernovum on the development and co-development of a pipeline of solar projects in Italy.

Macchi di Cellere Gangemi

Macchi di Cellere Gangemi‘s Milan and Rome-based practice is experienced in energy sector-related M&A. Energy and oil and gas law expert Claudio Visco advises sponsors and banks on acquisitions, project finance, and asset-backed and structured finance, while Marco Sella‘s practice includes assisting with power generation projects. Also key to the group, Francesca Bogoni is a renewable energy specialist, and Silvia Dell’Atti and Matteo Patrignani both assist with project finance.

Practice head(s):

Claudio Visco; Francesca Bogoni; Marco Sella; Silvia Dell’Atti


Other key lawyers:

Matteo Patrignani; Matteo Peretti; Chiara Colamonico


Testimonials

Fully available at any time and very well prepared in all matters.

Key clients

Building Energy


Nelsa


GR Value


DGM Energy


Grv Roofs 1


GR Value Development


GR Value 2


Osborne Clarke

Osborne Clarke‘s energy team advises on large and innovative renewables projects across Italy. Its experience covers photovoltaic, biogas, energy-from-waste, and geothermal plants. The firm also has strong solar power and water sector credentials. Riccardo Roversi heads up the corporate and M&A team; Giovanni Penzo is a specialist in the waste-to-energy and water sectors; and Giorgio Lezzi is Italian infrastructure services and public law leader. Carlo Gioffrè left the firm.

Practice head(s):

Riccardo Roversi


Other key lawyers:

Giovanni Penzo; Giorgio Lezzi; Angelo Maria Quintieri; Federica Fischetti


Key clients

A2A Energia


A2A Ambiente


A2A Illuminazione Pubblica


Acque Bresciane


ACSM-AGAM


ACSM-AGAM Reti Gas Acqua


AKNO Business Parks


AGESP Energia


ALER Milano


Bluefield Partners LLP


Cogeme Group


Costim (Chorus Life)


DIF Consulting Deutschland


Ampere Equity Fund


Eurogroup


Infrastrutture Recupero Energia Agenzia Regionale Ligure – IRE


Linea Group Holding


Municipality of Rozzano


NHOA (ex Engie EPS)


Free2Move e-solutions


Proenergy


Sicor Società Italiana Corticosteroidi


Tea


Yinson Renewables


Work highlights


  • Acting for Costim (Chorus Life) on the Chorus Life Bergamo project, an innovative multi-functional smart district involving state-of-the-art digital technologies and fully powered by renewable energy sources.
  • Advised A2A Energia on the purchase of 49% of the capital of NetCity, which specialises in the supply of products for increasing energy efficiency and electric mobility.
  • Advised Bluefield Partners on its agreement with Spanish VC company Arcano Capital to launch an Italian co-investment vehicle focused on investments in underperforming solar assets across Italy.

Parola Associati

Co-founded as recently as May 2022, Parola Associati is ‘already a major player on the energy market‘. A go-to firm for large energy and infrastructure matters in Italy, the practice’s expertise includes new technologies (such as storage, hydrogen and smart grids), national and EU regulations (including in relation to the Fit for 55 and decarbonised gas market packages), and smart cities and energy digitalisation. Former Herbert Smith Freehills partner Lorenzo Parola is ‘the best energy lawyer in Italy‘.

Practice head(s):

Lorenzo Parola


Other key lawyers:

Fabio Angelini; Andrea Leonforte; Andrea Coluzzi


Testimonials

All its people are very skilled, with their aim being to resolve clients’ issues.

Although recently set up, the firm is already a major player on the energy market, given the outstanding background of its name partners and their team.

Deep knowledge of the market and outstanding negotiation capabilities.

Key clients

A2A


Azienda Autonoma di Stato per i Servizi Pubblici della Repubblica di San Marino


Acea


AIL


Alperia


Axpo


BKW


Centrex


Chiesi Farmaceutici


Dolomiti Energia


Duferco


DXT Commodities


Edison


Gas Plus


Eni


ERG


Galileo Green Energy


Green Arrow


Interconnector Italia


IREN


Italgen


Marguerite Infrastructure


OPDE


OX2


Shell


Snam


Sorgenia


Swisspower Renewables


Vivigas


Pavia e Ansaldo

Pavia e Ansaldo has a strong track record of advising on e-mobility, sustainable energy utility, and renewable energy communities’ models. The firm is also active in biofuels-related issues. The group is co-led by Carlo Del Conte, who is experienced in energy and gas regulatory matters, and EPC and O&M contracts, and Claudio Cera, who acts for major energy players operating in Italy. Carlo Emanuele Rossi‘s practice includes the development of energy plants.

Practice head(s):

Carlo Del Conte; Claudio Cera


Other key lawyers:

Carlo Emanuele Rossi; Marco Jannon


Key clients

Camozzi Holding/Componenti Speciali


Elecnor


Innowatio/Youtrade


Exyte Italy


Octopus Investments


Solar Access Sustainable Energy


Protos


Sorgente SGR


VEI Green


Contourglobal


Enovos


Alpha Trading


Novaol


Assobiodiesel


SUSI Partners


Isoclima


Refeel New Energy


ADVANT Nctm

Advising domestic and international energy sector clients, ADVANT Nctm‘s practice covers M&A, compliance, tax, project finance and restructuring, along with litigation and administrative law. Renewable energy expert Federico Manili leads the team, which also features project finance specialist Eugenio Siragusa and Raffaele Caldarone, who advises on corporate and commercial law.

Practice head(s):

Federico Manili


Other key lawyers:

Eugenio Siragusa; Raffaele Caldarone; Miranda Cellentani; Martina Marmo


Key clients

Falck Group


Snam


Italgas


European Energy Efficiency Fund


ERG Renew Group


PLT Energia


VRG (Sorgenia Group)


Shareholders of Siderforgerossi Group


Renergetica


Work highlights


  • Advised Falck on the sale of its participation in Falck Renewables.
  • Advised PLT Energia on both the financing and the re-financing of a portfolio of wind farms.
  • Advised Italgas (and its subsidiaries) on the update, supervision and monitoring of anti-corruption management systems.

Bird & Bird

Bird & Bird‘s Italian energy and utilities team focuses on M&A, financing, regulatory issues, and public procurement and development. Pierpaolo Mastromarini is a project finance expert, and Simone Cadeddu is a regulatory, antitrust and public procurement specialist. At counsel level, Michele Arruzzolo advises on renewable energy and infrastructure sector-related financings.

Practice head(s):

Pierpaolo Mastromarini


Other key lawyers:

Simone Cadeddu; Michele Arruzzolo; Jacopo Nardelli


Key clients

Falck Renewables


Emeren


ReneSola


Gallo Due


Verus


CM Wind


Terna


Rei Lancia


Aliseo


Solaris Renewables II


ASM Terni


ERG


ForVEI II


Italgen


Eiffel Investment Group SAS


Arpinge Group


Canadian Solar


Emeren Italia


Banco BPM


Intesa Sanpaolo


Deutsche Bank


MPS Capital Services Banca per le Imprese


UniCredit


Iberdrola Renovables Italia


Work highlights


  • Acted for ERG, which, through its subsidiary ERG Power Generation, has signed an agreement for the acquisition of MP Solar’s share capital.
  • Assisted ForVEI II (a joint venture vehicle dedicated to investments in photovoltaics) with the €120m refinancing of a portfolio comprising 43 solar plants.
  • Assisting Terna with the management of the tender procedure it launched (also on behalf of EDF) for the selection of a private contractor to develop the Sa.Co.I.3 project.

Cleary Gottlieb Steen & Hamilton LLP

Cleary Gottlieb Steen & Hamilton LLP‘s ‘level of service is excellent‘ and its Italian team has a strong track record in the energy sector. The practice houses senior counsel Mario SiragusaMarco D’Ostuni and Matteo Beretta, who are competition specialists. Also integral to the group are litigation and arbitration experts Ferdinando Emanuele and Carlo Santoro; M&A adviser Roberto Bonsignore, who ‘stands out for his negotiation skills‘; and corporate law practitioner David Singer.

Other key lawyers:

Mario Siragusa; Giuseppe Scassellati-Sforzolini; Roberto Bonsignore; Ferdinando Emanuele; Marco D’Ostuni; Matteo Beretta; Carlo Santoro; David Singer; Luciana Bellia; Pietro Fioruzzi; Carlo de Vito Piscicelli


Testimonials

‘The team’s international expertise and pragmatic, commercial approach really make the difference.’

‘No other firm has the level of knowledge of the regulatory framework and industry that Cleary has.’

‘The level of service is excellent and the knowledge of industry regulation is unique as Cleary has handled many of the largest and most delicate industry assignments over the years.’

Key clients

ENI


Falck Renewables


A2A


SNAM


Servizio Elettrico Nazionale


Terminale Adriatico LNG


Petronas


Edison


Esso


Italgas


Axpo


Work highlights


  • Advised A2A on the abandoned €4.5bn partnership with Ardian for the generation and supply of energy.
  • Advising SNAM on the antitrust and regulatory aspects of the acquisition of a 49.9% stake in certain companies operating gas pipelines that connect Algeria to Italy.
  • Advised Falck Renewables on the €2.8bn acquisition by Infrastructure Investments Fund of the entire controlling interest held by Falck in Falck Renewables (60% of its share capital).

CMS

The credentials of CMS‘ Italian energy practice cover M&A, commercial contracts, tax, and administrative and regulatory matters. Department head Pietro Cavasola advises national and multinational energy sector companies on oil and gas and renewables matters. He also assists industrial companies with energy transition-related transactions. Matteo Ciminelli is experienced in renewable energy projects.

Practice head(s):

Pietro Cavasola


Other key lawyers:

Matteo Ciminelli


Key clients

Atlantica Group


Siemens Gamesa Group


Volkswagen


TotalEnergies


Villhermosa


Global Solar Fund


Encavis


TotalEnergies EP Italia


Seram


Nanjing Tica Thermal Solution Co


Atlantica Energia Sostenibile Italia


Italiana Petroli


Shell


ERG


Obton


Mersen


Work highlights


  • Advised Volkswagen on its joint venture with Enel X, which concerned the joint implementation of high-power charging infrastructure in Italy.
  • Assisted Atlantica Group with the proposed acquisition of an Italian PV project portfolio belonging to Acea.
  • Assisted Siemens Gamesa with the sale of its 3.9GW onshore wind project portfolio in South Europe (including Italy) to SSD Renewables.

Gitti and Partners

Gitti and Partners‘ team focuses on energy regulatory matters, M&A, civil and administrative litigation, and corporate and contractual issues involving renewable energy-related PPAs and local grids. Other areas of strength include electric vehicle service contracts and development agreements. Department head Piero Viganò is ‘outstanding‘, while Gregorio Gitti is a utilities sector specialist. In September 2022, the firm introduced an editorial project called Energy Law Italy, which provides updates on the energy law aspects of the Italian energy and utilities market.

Practice head(s):

Piero Viganò


Other key lawyers:

Gregorio Gitti


Testimonials

The energy and utilities team at Gitti is always hands on. It knows the market, knows the regulatory framework and the most recent decisions, and always provides really efficient solutions for clients’ needs, both on a day-to-day basis and when it comes to transactions and projects.

Its approach is well known on the market and it is always a pleasure working with the team.

The team works as one, and is very proactive, with everyone really a reflection of Piero Viganò’s leadership.

Piero Viganò is very present and always finds the time to address clients’ needs.

Piero Viganò is outstanding – highly present, and up to date both on legal news and on the specific details of the matters at hand.

When it comes to negotiating, Piero Viganò can be tough when needed and is always capable of finding the right solution for clients and the deal. Clients really can sense how respected he is.

Great people and collaborative skills.

Key clients

E ON


3E Ingegneria


AICE


AICEP


Alperia


Snam


BIT


Encome


Erion


Rocco Bormioli Pharma


Finanziaria Internazionale


Scapigliato


Inewa


Studio Seta


European Energy


INOVYN Produzione Italia


EGEA


Air Liquide Italia


Bluefiled Partners


Gokteking Enerji


KI-KELAG International


Nippon Gases


OVS


Reiwa


Fiamma 2000


Vetreria Etrusca


Verallia


European Energy Italia


Herbert Smith Freehills

The energy team at Herbert Smith Freehills comprises multi-disciplinary specialists in corporate and commercial agreements, M&A, disputes, and project development and financing. Francesca Morra has longstanding energy sector expertise, while of counsel Simone Egidi advises on project finance.

Practice head(s):

Francesca Morra


Other key lawyers:

Simone Egidi; Giacomo Gavotti


Testimonials

Herbert Smith Freehills has an excellent energy team – great knowledge of the sector and the market, both in Italy and abroad.

Herbert Smith Freehills’ energy team genuinely understands clients’ business and commercial needs, and is very transparent on costs.

Herbert Smith Freehills is a safe pair of hands for business-critical matters – a firm to be trusted in the Italian energy space. Its experienced lawyers know this market very well and provide expertise, not only in respect of specific regulatory issues, but also in relation to complicated M&A transactions and projects, as well as administrative law issues and competition.

Key clients

Avenir LNG


Axpo


BP


DXT Commodities/Duferco


Edison


Enel


Eni


ERG


Europe Energy


Everwood


Glenmont


FRV


Gestore dei servizi energetici – GSE


Global Solar Fund


Green Network


Interconnector Italia


Quercus


Solar Ventures


Sorgenia


Terna


Vivi energia


ARTE


Work highlights


  • Assisted global energy player Avenir LNG with the acquisition of the shareholdings of its minority partners in HIGAS.
  • Assisted Suntech’s Receiver in relation to the sale of Global Solar Fund by a consortium of investors.
  • Assisted Interconnector Energy Italia (a consortium) on the financing, project contract and acquisition aspects concerning Interconnector Passo Resia.

Hogan Lovells International LLP

The expertise of Hogan Lovells International LLP‘s Italy team spans traditional oil and gas, renewables (wind, solar, hydroelectric and biomass), and energy efficiency matters. The group is co-led by experienced partners Luca Picone and Francesca Angeloni.

Practice head(s):

Luca Picone; Francesca Angeloni


Other key lawyers:

Emanuela Cocco; Elena D’Alto


Key clients

Alleans Renewables Capital


Enel


Infrastrutture


Phlogas (In Liquidation)


Shah Deniz Consortium


Sunerg Solar Energy


Terna


Azienda Agricola Don Matteo


Work highlights


  • Assisted Enel Produzione with its acquisition of ERG Hydro’s entire share capital.
  • Advising the Shah Deniz consortium on the completion of the Shah Deniz 2 Southern Gas Corridor.

K&L Gates

K&L Gates‘ traditional energy sector expertise covers gas, LNG and power. It also advises on the construction and operation of renewable energy plants. Practice leader Paolo Zamberlettihas deep knowledge of energy regulation‘, and Andrea Campana is experienced in energy and construction litigation. Chiara Toccagni is the counsel to note.

Practice head(s):

Paolo Zamberletti


Other key lawyers:

Andrea Campana; Chiara Toccagni; Riccardo Malaguti


Testimonials

An excellent team with cross-disciplinary knowledge of administrative and civil law, and a specialism in energy matters.

Reliability, experience, dedication and competence, combined with excellent value for money.

Very responsive and a strong ability to understand clients’ needs.

Paolo Zamberletti’s broad knowledge allows him to understand clients’ business needs.

Paolo Zamberletti has deep knowledge of energy regulation, as well as vast knowledge of Italian and international law. This also allows clients to draw upon his expertise in arbitration and trading contract negotiations.

Paolo Zamberletti provides cutting-edge advice and support to his clients – he is always involved personally, from beginning to end, and stands out among his peers for his exceptional skills, including at the negotiating table.

Andrea Campana supports clients in a very precise and competent way, and Chiara Toccagni advises in an excellent manner when dealing with Italian public bids – her knowledge of the sector is remarkable.

Riccardo Malaguti delivers consistently high-quality work, and is able to remain calm and focused under any circumstances.

Key clients

Edison


European Bank for Reconstruction and Development


Utilità


Levigas


Augusta Ratio


Gasway


Energy.com


BayWa r.e. Italia


Energy System Services


Voith Hydro


Mangiarotti


Work highlights


  • Acted for Edison in an international commercial arbitration against Qatargas, which concerned the review of the contract price under a long-term, take-or-pay agreement for gas imports into Italy.
  • Advised Augusta Ratio on the reorganisation process of the Augusta Ratio Group and the preparation of a revised five-year industrial plan.
  • Assisted Utilità with administrative proceedings promoted by the Italian Energy Authority.

L&B Partners Avvocati Associati

Advising investors, sponsors, private equity funds, financial institutions and energy companies, L&B Partners Avvocati Associati has a strong track record in the energy sector, particularly in relation to renewable energy. Michele Di Terlizzi advises on the structuring of renewable energy project financing, while Pina Lombardi is an administrative law expert.

Practice head(s):

Michele Di Terlizzi


Other key lawyers:

Pina Lombardi; Davide Pelloso; Alessandro Salzano; Giuseppe Candela


Testimonials

The team is very experienced and passionate about the energy sector. It can advise clients on the due diligence for PV projects, as well as real estate contracts, acquisitions, and the project’s full lifecycle.

L&B possesses high levels of business awareness and is aware of the market’s economic conditions, specifically in relation to the energy market and Italian energy practices.

In a position to give a complete picture with all the pros and cons influencing the client’s business.

Key clients

VEI Green II


Tages Capital SGR


Glennmont


Theia Holdings


Solarig Holding


WindFarm Deliceto


ACE Renewables Holding


Tozzi Group


E2E


L&B Capital


Ardian


Swisspower


Unicredit


Natixis


Casillo Group


Nextenergy Capital


Evolvere


Q-Energy


Credit Agricole


Illimity


Mytilineos


Enlight


Afcon


Greenergy Holding


IREN


Esapro


ICS Group


Work highlights


  • Advised the Ardian Group on a binding agreement with the A2A Group, through which A2A will acquire from Ardian funds participations in 3New&Partners, Daunia Calvello and Daunia Serracapriola, which hold a portfolio of wind farms.
  • Advised Immobiliare Ceresa on the sale of Fratelli Ceresa’s entire corporate capital to Seaside, which belongs to the Italgas Group.
  • Advised E2E on the structuring and completion of the sale of a portfolio of over 100 operating PV plants.

Linklaters Studio Legale Associato

Advising corporate and financial institutions, Linklaters Studio Legale Associato‘ Italian energy practice covers renewable energy and oil and gas transactions, including project finance, acquisitions, commercial contracts and project developments. Elevated to the partnership during 2021, dual English and Italian law-qualified practice head Tessa Lee specialises in renewable energy, oil and gas, and conventional power.



Practice head(s):

Tessa Lee


Other key lawyers:

Roberto Casati; Lucia Ciocarlan; Paolo Bertolini; Benedetta Marino; Alessandro Gemmo


Key clients

Sixth Street


Prologis


The Eastern and Southern African Trade and Development Bank


Enel Green Power


European Bank for Reconstruction and Development


JPMorgan


IntesaSanpaolo


Alperia


Dolomiti Energia


SACE


PedersoliGattai

Providing ‘a high-level service‘, PedersoliGattai was established followng a merger between Gattai, Minoli, Partners and Pedersoli Studio Legale. The energy and utilities practice advises wind, solar, hydropower, biomass, gas, oil and petrochemical operators. It also assists investment banks and financial institutions with energy matters. Luca Saraceni advises on energy M&A and commercial agreements, while Sergio Fienga has broad energy sector expertise. Carla Mambretti and Nicola Gaglione are other key names.

Practice head(s):

Luca Saraceni; Sergio Fienga; Carla Mambretti; Nicola Gaglione


Other key lawyers:

Marco Molineris; Andrea Zoccali; Giovanni Battista De Luca


Testimonials

‘Very good price-to-quality ratio and a high-level service.’

‘Deep knowledge of the sector.’

Key clients

Snam


AEER – Arpinge


GSE


UNDO Adunanza


AREN Electric Power


EF Solare Italia


Enel Energia


Enel Green Power Italia


Viridis Energia


Holding Fortore Energia


Work highlights


  • Assisted the De Nora family in relation to Industrie De Nora’s listing on Euronext Milan, and the execution of a shareholder agreement with Snam.
  • Assisting GSE with approximately 300 disputes (pending before the administrative courts) in relation to public incentives for energy plants.
  • Assisted Viridis Energia with the project financing for the construction and operation of a photovoltaic system.

CBA Studio Legale e Tributario

CBA Studio Legale e Tributario‘s multi-disciplinary energy, infrastructure and project finance practice fields specialists in banking, finance, corporate, administrative and competition law, along with regulatory and tax experts. Fabrizio Magrì is an administrative law expert and Francesco Dialti is the banking and finance lead.

Other key lawyers:

Fabrizio Magrì; Francesco Dialti; Francesco Assegnati; Barbara Orlando; Leonardo Casaleno


Key clients

Banco BPM


Iccrea Banca


Blue SGR


Sparkasse Bank


Falck Renewables


Curtis, Mallet-Prevost, Colt & Mosle

Well known for oil and gas matters, Curtis, Mallet-Prevost, Colt & Mosle‘s practice also covers electric, hydroelectric, solar and nuclear energy. Carmine Gravina focuses on the acquisition and operation of major energy and infrastructure projects. Additional partner support is provided by Alfonso de Marco, Daniela Della Rosa and Dino Dima.


Practice head(s):

Alfonso de Marco; Daniela Della Rosa; Dino Dima; Carmine Gravina


Other key lawyers:

Amedeo Barbato; Giuseppe Calamo; Francesca Angelilli


Key clients

Terna


Zeta Gas


Energas


Itelyum Regeneration


Work highlights


  • Providing ongoing legal support to Terna.
  • Advising Zeta Gas Group on the acquisition of the corporate capital of fuel distribution business companies.
  • Advising Itelyum Regeneration on its acquisitions.

DWF

DWF‘s department comprises commercial, banking and administrative lawyers. The practice is co-led by Guglielmo Fabbricatore, who focuses on energy and infrastructure matters from a financing and corporate and M&A perspective; Michele Cicchetti, who advises on renewable energy projects; and power and public utilities head Enrico Curti, who recently joined as counsel from Bird & Bird.

Practice head(s):

Guglielmo Fabbricatore; Michele Cicchetti; Enrico Curti


Other key lawyers:

Eleonora degli Abbati; Francesca Leo; Claudia Laterza


Testimonials

Deep knowledge and a problem-solving approach in all areas.

The DWF team is always available and assists in all the fields that are necessary for energy projects.

DWF has a strong team that serves as a key corporate and transactional legal practice in Italy.

Key clients

Sens – Steag Solar Energy Solutions


Enfinity Global


OX2


Bluefield Partners


Trina Solar


R&P Global


Eco Energy World


flyRen


AFCON


Enerside


Gildemeister Energy Services Italia


Finanziaria Internazionale


DMG Mori


Dr Rothenberger Holding


AUTANIA


FidEnergy Ventures


Rothenberger Italiana


ICCREA Banca Impresa


Eisvogel Group


BF & COMPANY


Verto Energy


Shanghai Electric Power Generation Engineering Co


ERANTEC


Eurowind Energy


VEI Green


Geotec


Italgen


Dolomiti Energia


Gruppo AMAG


Consorzio Amag Servizi


AMAG Reti Gas


Amag Reti Idriche


Work highlights


  • Advised STEAG Solar Energy Solutions on the acquisition of a photovoltaic project in Sicily.
  • Assisted Dolomiti Energia Solution with preparing a public-private partnership proposal for the energy efficiency upgrading of road tunnels in the Autonomous Province of Trento.
  • Advised STEAG Solar Energy Solutions on the acquisition of a photovoltaic project in Apulia.

EY TAX & LAW ITALY

Active in both transactional and regulatory work, EY TAX & LAW ITALY advises on a range of renewable energy technologies, including hydro, solar, wind, energy-from-waste, biomass and biofuels. The principal figures are Maria Cristina Breida, an April 2022 hire from Legance - Avvocati Associati, and experienced partnersMattia Riccardo Petrillo and Oriana Granato.

Testimonials

‘Flexible, knowledgeable, reliable and great commercial knowledge.’

‘Dedication and responsiveness.’

‘Oriana Granato has outstanding knowledge of the market.’

Key clients

Nuovo Pignone


Vivigas


Viviesco


Snam


Eni Plenitude


Bonatti


Alperia


Alperia Green Future


Axpo Italia


Tunur Power Italy


Sorgenia


Gruppo Green Power


Toto Holding


Repower Italia


S R Investimenti


Avm Solar


Alpiq Energia Italia


Iren


Iren Mercato


Iren Smart Solutions


Natixis


Natixis Milan Branch


Amiu Genova – Genoa Waste Treatment PPP


Silk Sports Car Company


Italiana Petroli


IP Industrial


Italgas Reti


Federal Mogul Italy


Procter & Gamble