A2A has signed a deal with Ardian to acquire stakes in Italian wind assets totalling 335MW.
Under a binding agreement A2A will acquire from Ardian fund participation in the three companies 3New&Partners, Daunia Calvello and Daunia Serracapriola, which together comprise a portfolio of wind farms in Italy.
Of the 335MW, 195MW is pro-rata with respect to Ardian’s stakes.
The equity value of the deal is in the region of €265m.
The two parties have also signed a second binding agreement for a further portfolio, 4new, owned by a fund managed by Ardian and consisting of wind farms and photovoltaic plants totalling 157MW.
Of the 157MW, 117MW is located in Italy and the remaining 40MW is in Spain.
The acquisition by A2A is for a total equity value of €187m.
The wind farms covered by the agreements between A2A and Ardian are located in Sardinia, Puglia, Campania and the Spanish region of Catalonia, while the photovoltaic plants are located in Puglia, Lazio and the Spanish region of Andalusia.
The completion of both transactions is subject to the fulfilment of customary conditions precedent and is expected indicatively by the end of June 2022.
A2A CEO Renato Mazzoncini said: “With these plants A2A consolidates its position as the second largest operator in renewables, and its presence, in Italy, increasing its activities in Sardinia, Puglia, Lazio and Campania.
“The operation enables the group to record significant growth in wind power and boost photovoltaics.
“Today’s agreement and the transactions concluded in the last 12 months allow us to anticipate by two years the objectives of increasing the generation of green energy as set out in our Business Plan.
“In order to achieve independence from foreign markets in the supply of gas we need to accelerate the development of renewables, a key factor in the ecological transition.
“Our objective is to continue to invest in this sector and contribute to the sustainable development of the country.”