Asset manager Octopus has renewed supply deals with Italian renewable energy trader EGO Group for electricity from five solar farms totalling 63MW.
The power purchase agreements have been extended until September 2023.
The five projects are located near Montalto di Castro in the Lazio region of Italy and were part of €23m refinancing in January.
Octopus senior investment manager Ed Pitt Ford said: “In the current photovoltaic market, long-term purchase agreements have a fundamental strategic role.
“We have been working with EGO for almost two years and have nothing but praise for the manner in which they operate.
“We are pleased to entrust them with a significant share of our pioneering projects in Italy.”
EGO Group founder and commercial director Stefano Cavriani said: “This contract is another piece of the robust growth path that our company has undertaken in both traditional sectors and new markets.”