13 July 2023 Aega ASA (Aega) has through a fully owned subsidiary, secured exclusivity to purchase a ready to build greenfield project inLazio . Along with the authorisation, Aega will purchase the entire plot: 52,000 square meters of which ca. 16,500 will be dedicated to the new PV park, while the rest of the land may represent an opening for future opportunities. All necessary authorisations are expected to be in place within the end ofOctober 2023 . "This transaction will represent another milestone for Aega as we are entering projects with a potential infinite life span, without subsidies, a condition made possible by the drastic cost decrease of PV technology and the parallel increase of energy demand inItaly . Our existing and long-standing O&M partner PS&M, represented by its founder Mr.Giulio Proietti Paoloni , will oversee the entire building process to secure a thorough execution at state-of-the-art standards." Says Nils P. Skaset, CEO of Aega. The park will be located inMontalto di Castro (Lazio ), a municipality with the highest concentration of large-scale PV plants inItaly , due to its favorable microclimate and a constructive approach historically shown by its local authorities. "With this project we will be able to increase our installed capacity and further diversify our portfolio, both when it comes to assets and production lifetime. It will be our tenth park in our current portfolio. I am very satisfied that this opportunity is cultivated, and pleased to see that our team is able to operate efficiently both in the secondary market and now in the market for new builds." Skaset concludes. Aega will revert with additional information about price, costs, and timeline at a later stage, when ready to build status is achieved. For further information please contact Nils Petter Skaset CEO ofAega ASA tel: +47 951 88 154 e-mail: ceo@aega.no About AEGAAega ASA is a Norwegian listed energy company. Aega focuses on acquisitions of smaller existing solar parks inItaly . In addition to being an industrial player inItaly , Aega also considers financial investments within the renewable energy sector.
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