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Infracapital – Acquisition of combined heat and power plants in Italy

Fund manager Infracapital is acquiring a majority stake in a portfolio of 11 combined heat and power projects in Italy as part of a new joint venture with Italian electricity group Enel. Infracapital is buying an 80% stake in the 27.5MW portfolio through its Infracapital Greenfield Partners I LP fund for an undisclosed sum. The JV will seek other projects as well as its initial portfolio.