Italian PV asset manager, Terra Firma has sold its solar energy platform for €1.3 billion to Italian infrastructure investor, F2i.
The U.K. investment firm will sell power to Sardinia-based power provider, Ego. The five solar plants will be located near Cagliari and are expected to be operational in the third quarter of this year.
New auctions for wind and solar projects exceeding 1 MW in size will be part of a new incentive scheme for renewable energy for the period 2018-2020, which is now under review by local authorities. In the first auction, planned for November, around 500 MW of wind and solar projects over 1 MW are expected to be assigned. The incentive scheme will also support solar and renewables up to 1 MW through specific tenders.
The Italian solar market grew by 25% in the first 11 months of 2017. This growth was mainly determined by the grid connection of several “grid-parity” PV plants totaling 66 MW, which were installed in Montalto di Castro, Italy’s central region of Lazio.
The London-headquartered renewable energy merchant bank signs share purchase agreement to acquire five Sicilian solar parks built by SunPower and developed by Italy’s Veronagest SpA.
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