European Energy marketing 121.5 MW of Italian solar parks

• Danish renewables programmer European Energy A/S on Friday stated it has actually marketed a 103-MW solar park in Italy to Iren Energia and also remains in the procedure of discharging an additional plant to the domestic multi-utility business.

Situated in the southern area of Apulia, the Troia solar ranch is furnished with greater than 275,000 solar (PV) modules. According to European Energy, it is the biggest PV complicated in the nation.

The deal is European Energy's largest sale to date of a solitary solar park, the company kept in mind. The Danish company is additionally marketing an 18.5-MW solar plant in Palo, additionally in Apulia, to the exact same buyer. The center was lately linked to the power grid.

Troia and also Palo will certainly be sold for a complete factor to consider of EUR 166 million (USD 189.5 m) in a deal seen to be completed throughout the current quarter.

"We see with this divestment that demand is high for even more renewable energy, and we will certainly remain to go to the leading edge of green financial investments in both Italy et cetera of the globe to accelerate the green change," said Knud Erik Andersen, CEO of European Energy.

European Energy means to spend around EUR 800 million in the next 4 years to develop even more solar parks in Italy. Its growth pipeline in the country nears 2 GW.

Under a tactical arrangement with the Danish business, Iren Energia will certainly have the ability to purchase 437.5 MWp of projects in the pipe, located across four sites in Lazio, Sicily as well as Puglia. The financial investment will certainly be feasible during a special duration.