Italian power and gas plant provider A2A has acquired another 16 PV power plants totaling 17.8 MW in Italy. The company acquired the facilities, all of which are all located in the Marche region, central Italy, from local renewable energy developer Novapower, a unit of local industrial group Merloni Holding.
Financial terms of the deal were not revealed. The transaction was conducted by the company’s unit A2A Rinnovabili.
In late September, A2A had acquired another 17 MW of PV plants from local fund Fondo Re Energy Capital for an undisclosed sum. This 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.
Popular content
“This acquisition, which follows a similar transaction finalized a month earlier, confirms our intention to grow in the renewable energy sector,” said the company’s managing director Valerio Camerano. “We are in line with the strategies set by the Group's Industrial Plan, investments in green economy”, Camerano added.
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.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.