Austrian utility Verbund has acquired a 110MV solar portfolio in Lazio, central Italy, from Ke-Reninvestment, a subsidiary of Turkish investor Kinesis Enerji.
The companies involved agreed not to publish the price of the transaction, which is for two projects at what Verbund calls “an advanced stage of development,” and which share a substation. The deal forms part of Verbund’s push to expand the role of solar in its energy generation mix, which is dominated by renewable energy, and hydropower in particular.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
