Aega seeks to get two even more solar parks in Italy

• Norwegian renewables investment firm Aega ASA (OSE: AEGA) has gotten to an exclusivity arrangement to improve its portfolio with the possible procurement of 2 unknown solar farms in Italy with an incorporated ability of 1.3 MW.

After tabling the non-binding offer, Aega said on Monday that it is now under an exclusivity period to accomplish technological as well as lawful due diligence on the possessions.

Depending upon the outcome of the checks, a binding deal could be inked in the first quarter of 2022. Aega claimed that it will certainly at that point publish details on the economic information of the bargain.

The solar farms are located in central Italy, in close proximity, as well as have the same proprietor.

Aega included that it is presently in arrangements with numerous various other owners for the potential acquisitions of even more solar parks in Italy.

"We look positive on our offer flow in Italy, and also are on track to increase our portfolio and get to the 10 MW target set out for 2022," Aega CEO Nils P. Skaset claimed.

The Norwegian renewables financier, which focuses on smaller sized operating Italian solar parks, got five regional assets in the initial quarter of 2021. The parks, consisting of three in Sardinia, have a combined capacity of 5 MWp, the business's web site programs. Aega also possesses a minority risk in Norwegian solar designer Norsk Solar.