ERG closes procurement of 34 MW of solar arrays in Italy

• Italian power firm ERG SpA (BIT: ERG) revealed on Thursday that it has actually settled acquiring 33.8 MW of solar arrays in your home.

Specifically, ERG's subsidiary ERG Solar Holding 2 Srl has completed the procurement of MP Solar BV, a Dutch entity possessed by ABN AMRO Sustainable Impact Fund PE BV, for a business value of EUR 128 million (USD 130.3 m) since December 31, 2021.

The acquired entity possesses 18 operational solar (PV) systems situated in the regions of Puglia, Molise, Lazio as well as Sardinia. Every one of them were put into solution in late 2010 or in 2011, as well as benefit from Italy's Conto Energia II, III as well as IV tariff regime.