(Alliance News) - Enertronica Santerno Spa announced Tuesday that it has received the first orders for EUR2 million under a binding contract to supply about 1.5GW of inverters for Smart Grid and Storage applications.

The company explained that the receipt of these orders includes the total supply of 60 MW. The orodini will be executed later this year.

The contract has a total value of EUR40 million.

On Tuesday, Enertronica Santerno closed flat at EUR0.84 per share.

By Claudia Cavaliere, Alliance News reporter

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