Finalized the acquisition of a 97.3 MW wind and solar portfolio in France
Genoa, 28 October 2021 - ERG, through its subsidiary ERG Eolienne France SAS, has completed an agreement with NAEV Austria Beteiligungs GmbH to acquire 100% of the capital of the French companies that own a renewable portfolio in operation in France consisting of seven photovoltaic and three wind farms in France for a total installed capacity of 56.7 and 40.6 MW respectively. A German pension fund owns the sellers, and the assets are managed by KGAL through a Separately Managed Account (SMA) (see press release of 1/10/2021).
This transaction allows ERG to consolidate its presence in France and to continue the Group's path of growth and internationalization in line with, but also in advance of the forecasts made in the 2021- 2025 Business Plan.
This press release, issued on 28.10.2021 is available to the public at Borsa Italiana S.p.A., on the authorised storage mechanism eMarket Storage (www.emarketstorage.com) and on the Company website (www.erg.eu) under the "Media/Press releases" section.
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ERG S.p.A. published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 15:22:08 UTC.