Italian press reports have valued the transaction at around €800m ($1.07m), although Reuters reports the deal to be worth between between €400m and €500m.

An Edison spokesman confirmed to Recharge that an official announcement on the new deal is imminent, but declined to give details.

Edison operates renewables facilities in Italy with a total installed capacity of around 1.85GW, including hydroelectric plants, wind farms, solar facilities and a biomass plant.

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