MILAN – Italian utility A2A accomplished the acquisition of wind and photo voltaic portfolios from funding fund Ardian in a deal value 452 million euros ($483 million), the corporate stated in a press release on Tuesday.
The wind and photo voltaic crops, which have a complete put in capability of 352 MW, are situated within the Italian areas of Puglia, Sardinia, Campania and Lazio, and in Spain’s Catalunya and Andalusia, A2A stated.
A2A and Ardian tried final 12 months to affix forces in a 4.5 billion euro deal to arrange a brand new inexperienced power supplier, however they interrupted talks in March, citing the power market volatility spurred by the Ukraine disaster.
($1 = 0.9354 euros)
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