Verbund Acquires 110 MWp Solar Portfolio in Italy

• Verbund AG expands solar portfolio in Italy, showcasing commitment to renewable energy and sustainable growth. #solarpower #renewables #sustainability

Austrian utility Verbund AG has acquired a 110 MWp solar portfolio in central Italy from Ke-reninvestment, the Spanish holding company of Turkish energy investment firm Kinesis Enerji. The deal, completed on July 30, includes two projects at an advanced stage of development located near Greater Rome.

The financial details of the acquisition were not disclosed. The purchase will allow Verbund to diversify its operations geographically and aligns with the company's goal to generate 25% of its total electricity from photovoltaic systems and onshore wind power plants by 2030. This move demonstrates Verbund's commitment to renewable energy sources and sustainable practices.

What solar portfolio did Austrian utility Verbund AG acquire in central Italy?

• Verbund AG acquired a 110 MWp solar portfolio in central Italy from Ke-reninvestment, the Spanish holding company of Turkish energy investment firm Kinesis Enerji
  
• The deal includes two projects at an advanced stage of development located near Greater Rome
  
• The financial details of the acquisition were not disclosed
  
• The purchase will allow Verbund to diversify its operations geographically
  
• Verbund's goal is to generate 25% of its total electricity from photovoltaic systems and onshore wind power plants by 2030
• This move demonstrates Verbund's commitment to renewable energy sources and sustainable practices.