EDPR paid €12m for the stake, and will pay additional fees as the wind projects reach “certain predefined milestones”.
The projects are at different stages of maturity, and comprise of four wind projects totalling 108MW of capacity classified as Tier 2, 98MW classifed as Tier 3 and 314MW classifed as prospects.
“Through this transaction EDPR acquires a quality pipeline in Italy and incorporates a team with a strong local expertise and track record on the Italian renewable sector, with an accumulated experience in the development and construction of 125 MW," EDPR says in a statement.
EDPR
