Falck shuts buy of 285-MW Italian solar portfolio

• Italy-based Falck Renewables SpA (BIT: FKR) has actually become the single owner of Big Fish SPV Srl and Iron SPV Srl, both project cars behind an about 285-MW solar portfolio in Italy.

Falck got the continuing to be 30% shares it did not have in each firm from Canadian Solar Inc (NASDAQ: CSIQ), it stated on Thursday without giving the value of the purchase.

Big wheel owns a solar project with a capacity of some 250 MW, while Iron SPV holds a solar (PV) scheme of around 35 MW. Falck acquired the 70% stakes in each of both companies in 2019.

Found in Sicily, the PV projects are currently under development and have already protected grid connection as well as preliminary land civil liberties.

This action adheres to Falck Renewables' commitment to establish high-grade greenfield PV projects in the Mediterranean country, the company noted.