Kelag International acquired Swisspower Rinnovabili Italia (SPRIT), a portfolio of operational hydroelectric plants and wind farms with approximately 110 MW capacity, including 37 hydroelectric plants and three wind farms. The deal closed on April 17, 2026.
| Acquirer | Target | Value | Type | Close Date | Advisors (Buy) | Advisors (Sell) | Legal (Buy) | Legal (Sell) |
|---|---|---|---|---|---|---|---|---|
| Kelag International | Swisspower Rinnovabili Italia (SPRIT) | <not disclosed> | acquisition | April 17, 2026 | <not disclosed> | L&B Partners, Rothschild & Co | Deloitte | Parola Associati |
Deal Mechanics
The acquisition includes 37 operational hydroelectric plants and three wind farms with a combined capacity of approximately 110 MW. Swisspower Renewables, which has been at the forefront of renewable energy development in Italy, transferred significant assets to Kelag International.
Strategic Rationale
Kelag International’s acquisition bolsters its presence in the Italian renewables market and aligns with its long-term growth strategy. The deal allows Swisspower Renewables to streamline operations and focus on future projects, while establishing a collaborative relationship with Kelag International.
Financial Context
The transaction required extensive due diligence, reflecting the structural complexity of the deal involving multiple assets across different regions in Italy. Despite no specific financial details being disclosed, the value of such a portfolio could be substantial given the current high demand for renewable energy infrastructure.
Advisors
Kelag International’s buy-side advisors and legal counsel were not disclosed, while Swisspower Renewables was advised by L&B Partners on financial matters and Rothschild & Co on strategic advice. Parola Associati served as the legal advisor to Swisspower.
Outlook
Kelag International’s expansion into Italy through this acquisition highlights its commitment to renewable energy, particularly in hydroelectric power generation. The partnership with Swisspower Renewables also signals a strategic shift towards collaborative growth models within the sector.