Italian power and gas plant provider A2A has announced that it has acquired 18 PV power plants with a combined capacity of 17 MW in Italy.
The company said that its unit, A2A Rinnovabili, bought five special-purpose vehicles owning the facilities from local fund Fondo Re Energy Capital for an undisclosed sum.
The portfolio consists of 12 ground-mounted PV plants and six rooftop installations spread across the regions of Puglia, Toscana, Emilia-Romagna, Piemonte and Trentino Alto Adige. This transaction has increased the company’s operational installed PV capacity from 3.6 MW to 20.6 MW.
A2A is also operating around 2 GW of hydroelectric power plants, as well as three thermal power plants with a combined power of approximately 1.7 GW.
“With this operation,” the company’s CEO Valerio Camerano said, “A2A reaffirms its intention to play an active role in an energetic market that is now undergoing profound transformation and is increasingly evolving towards renewables. Solar and wind are undergoing a simplification phase, with small operators giving way to big players. A2A's commitment to renewables will continue in the coming months also in the distributed generation segments. That is why we have created A2A Rinnovabili, which is the subsidiary aimed at preserving these new opportunities.”