March 6 (Renewables Now) - Italian utility A2A SpA (BIT:A2A) has purchased a portfolio of 15.7 MW of solar parks at home, lifting its installed photovoltaic (PV) power capacity to 54.1 MW.
The five operational facilities were bought from a fund of Impax (AIFM) Ltd, which is part of UK-based investor Impax Asset Management Group plc (LON:IPX). The deal, the value of which was not disclosed, was carried out by A2A Renewables, the green energy division of the Italian utility, the latter said in a press release last week.
Three of the acquired plants are situated in the southern region of Puglia, one of the facilities is located in Lazio region and the other one in Emilia-Romagna, in the northern part of the country.
Following the transaction, A2A owns 39 solar plants. Last autumn, the company bought 17 MW of PV parks from Fondo Re Energy Capital and over 17.8 MW of solar plants in Italy’s Marche region from local renewable energy developer Novapower. The company says it already operates around 2 GW of hydropower capacity.