A2A buys another 17.8 MW of solar in Italy

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.

“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.