The latest news from Quercus and its specialist advisory team

Quercus and Swiss Life Asset Managers complete acquisition of Antin Solar Investments and its 77.1 MW solar photovoltaic asset portfolio


London, Luxembourg: Quercus Assets Selection and Swiss Life Asset Managers announce the successful completion of the deal to acquire Antin Solar Investments (“ASI”) in a 50:50 joint venture. ASI now operates as Azienda Solare Italiana Spa. On 18 December 2015 the joint venture, called Quercus Swiss Life Italian Solar Srl, had entered into a binding agreement with Antin Infrastructure Partners to acquire a 100% stake in ASI.

Founded in 2011, ASI has become a leading photovoltaic (“PV”) investment platform in Italy. The portfolio today consists of nine plants with a total installed capacity of 77.1 MW, and is the fifth largest operator in Italy in terms of solar power generation. ASI’s facilities are located in Lazio, Sicily and Puglia, which are among the regions with the highest irradiation in Europe.

This deal represents an important landmark for both firms engaged in the joint venture. Quercus’ total European portfolio now exceeds 266 MW, and the combination of the Italian assets of Quercus and ASI represents the third largest photovoltaic operator in Italy in terms of installed capacity. Moreover, this deal increases the European presence of Swiss Life Asset Managers’ first managed fund while diversifying its renewable portfolio currently comprised of solar assets in Canada and wind farms in the US and the UK.

Diego Biasi, co-founder and Chief Executive Officer of Quercus said: “We are very proud to have partnered with a valuable operator like Swiss Life Asset Managers on this landmark deal for Quercus. Azienda Solare Italiana is one of the best portfolios on the Italian market, and it provides a major platform from which we can capture further growth opportunities in a highly fragmented Italian market.”

Chris Manser, Head of Infrastructure Investments at Swiss Life Asset Managers comments: “The acquisition of ASI is an excellent addition to our global portfolio of infrastructure assets and provides us with a platform to capture the consolidation opportunity in the Italian PV market. Given Swiss Life Asset Managers’ strategy of minority investments we are very happy to have found in Quercus a likeminded partner to share this deal on a 50:50 basis.”

Umberto Tamburrino, CEO of Azienda Solare Italiana, commented: “We are delighted to have two new partners who share our vision for the future of renewable energy and are very committed to making ASI one of the reference operators in the process of consolidation in the Italian market.”


This site is operated by Quercus Investment Partners Limited (“We”) and these terms of use tell you the terms of use on which you may make use of our website (our site). Use of our site includes accessing, browsing, or registering to use our site. For the avoidance of doubt, these terms of use apply to every page on our site.

Please read these terms of use carefully before you start to use our site, as these will apply to your use of our site.

By using our site, you confirm that you accept these terms of use and that you agree to comply with them. If you do not agree to these terms of use, you must not use our site.

We may revise these terms of use at any time by amending this page. Please check this page from time to time to take notice of any changes we made, as they are binding on you.

We are registered in England and Wales under company number 09242415 and have our registered office at 11 Albemarle Street London W1S 4HH. Our VAT number is 207239032. We are authorised and regulated by the Financial Conduct Authority (no. 663344).

We are committed to ensuring that your privacy is protected in accordance with applicable laws and regulations. We will not collect information by which you can be identified whilst you are using our site. Read the Privacy Policy of Quercus for more information.

Our site uses only session cookies. Session cookies are stored only temporarily during a browsing session and are deleted from your device when the browser is closed.

We are the owner or the licensee of all intellectual property rights in our site, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved.

The contents of our site should not be construed as legal, tax or financial advice nor its contents be distributed, published or reproduced in whole or in part, or be relied upon as the basis for investment in any funds.

It is the responsibility of any person(s) in possession of the information contained in this site to inform themselves of, and to observe, the legal requirements also applying and any applicable taxes and exchange control regulations in the countries of their respective citizenship, residence or domicile. Whilst we have taken all reasonable steps to ensure the reliability of the information, we make no representations as to its accuracy whatsoever and offer no undertakings.

Investments can fluctuate in value and investors should be aware that they may not realise the initial amount invested and may get back less than they invested. Investors should carefully consider whether their financial circumstances permit them to invest and, if necessary, seek the advice of an independent financial adviser.

The content of our site is for general information only. Our site does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorised or would be unlawful to make such offer or solicitation or if it is unlawful without compliance with additional registration or filing requirements.

The contents of our site are not available in the United States or Canada and should not be accessed by any US person.

Nothing in these terms of use excludes or limits our liability for death or personal injury arising from our negligence, or our fraud or fraudulent misrepresentation, or any other liability that cannot be excluded or limited by English law.

To the extent permitted by law, we exclude all conditions, warranties, representations or other terms which may apply to our site or any content on it, whether express or implied.

We will not be liable to any user for any loss or damage, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable, arising under or in connection with use of, or inability to use, our site or use of or reliance on any content displayed on our site. In particular, we will not be liable for loss of profits, sales, business, or revenue, business interruption, loss of anticipated savings, loss of business opportunity, goodwill or reputation; or any indirect or consequential loss or damage.

We will not be liable for any loss or damage caused by a virus, distributed denial-of-service attack, or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our site or to your downloading of any content on it, or on any website linked to it.

These terms of use, its subject matter and its formation (and any non-contractual disputes or claims) are governed by English law. We both agree to the exclusive jurisdiction of the courts of England and Wales.

To contact us, please email
Thank you for visiting our site.