A2A closes its third PV deal in Italy

Italian power and gas plant provider, A2A has acquired five operational PV plants with a combined power of 15.7 MW in Italy.

The company’s unit A2A Rinnovabili bought the plants, which are located in the Italian regions of Puglia, Lazio and Emilia-Romagna, and arose from a fund of Impax (AIFM) Limited, which is part of U.K.-based Impax Asset Management Group plc. The financial terms of the transaction were not disclosed.

Following this new operation, the company’s solar power plant portfolio has reached 54.1 MW. In October 2017, A2A took over 17.8 MW of Italian solar plants, 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.

Earlier in September, A2A also acquired another 17 MW of PV plants from local fund, Fondo Re Energy Capital.

“This further acquisition, which follows the two previous completed in the autumn of last year, brings the photovoltaic park of A2A to 39 plants and reiterates our desire for growth in the renewable energy sector,” CEO, Valerio Camerano said.

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.