Giovanni Vignuda Automazioni SRL agreed to acquire solar power generating assets from Electrawinds SE (DB:EWI) on December 22, 2017. These assets are held by the special purpose vehicle entities of Electrawinds SE namely Electrawinds Pontedera srl, Electrawinds Solar srl, REG4 srl and Carpark Solar srl. The Board of Directors of Electrawinds SE has decided to apply for judicial reorganization for Electrawinds SE. The deal is subject to approval from the financial partners of the special purpose vehicles which is expected to be received by the end of January, 2018. The transaction proceeds will be used to cover the short-term liquidity requirements and deleveraging of Electrawinds SE.