A2A speeds ahead in the green turnaround: 18 photovoltaic plants acquired with an installed power of 17 MW
Creation of A2A Rinnovabili a company dedicated to developing green energy in line with the Group’s Business Plan
Milan, 26 September 2017 - A2A is speeding ahead with its strategy to develop energy production from renewable sources. The A2A Group has acquired 18 photovoltaic plants with total installed power of 17 MW and annual production of 22.6 GWh through its subsidiary A2A Rinnovabili.
The transaction saw the acquisition of 5 SPVs (Special Purpose Vehicles), which own the plants, from the ReEnergy Capital fund and is part of the strategies outlined in the group’s business plan which includes important investments in the green economy.
For A2A it is the first significant step in the direction of gradual diversification of the generation mix and greater attention to the opportunities offered by the development of renewable sources and technologies for the conservation of energy to serve families and businesses.
“With the transaction concluded today, A2A reiterates its wish to play an active role in an energy market now undergoing profound transformation and increasingly evolving towards DERs” – stated the CEO Valerio Camerano. “The photovoltaic and wind sectors are going through a simplification phase, with small operators giving way to big players. A2A’s commitment in renewable sources will continue in the months ahead also through the creation of new distributed generation plants designed to meet customers’ requirements. This is why we have set up A2A Rinnovabili, a corporate vehicle created to oversee these new opportunities. This acquisition is part of the initiatives to support the achievement of the policy and important company objectives concerning sustainability.”
Thanks to this initiative A2A will acquire 12 ground systems and 6 systems installed on the roofs of industrial customers' premises in Apulia, Tuscany, Emilia-Romagna, Piedmont and Trentino Alto Adige, thereby bringing the Group’s installed solar capacity to 20.6 MW in addition to the 2000 MW from the hydroelectric sources already owned: a further contribution to the achievement of national and EU targets to reduce greenhouse gas emissions.
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