MILAN: Italy's biggest renewable energy group Enel Green Power (EGP) and infrastructure fund F2i have agreed to set up a photovoltaic joint venture in the country, EGP said in a statement on Friday.
The JV will pool assets from the two companies and be equally controlled by both.
It will include a portfolio with an operating photovoltaic capacity of 210 megawatts (MW).
"The joint venture aims to take advantage of the consolidation currently underway in the Italian PV market by bringing together operating PV solar plants owned by different financial institutions and private operators," EGP said in a statement.
The company said the deal, which is expected to close by the end of 2015, subject to anti-trust clearance, will have a positive impact on its net debt of 121 million euros ($137 million).
Comments
Comments are closed for this article.