The JV, first announced in October, sees EGP and the infrastructure investment fund pool 207MW of Italian solar assets with a total enterprise value of more than €500m ($546m).
It plans to extract value from the fragmented Italian PV market, which features plants owned and operated by a variety of smaller players and financial investors, but is now consolidating.
The new JV can achieve economies of scale and extract better performance by applying the best practices EGP has developed as a major renewable operator, the partners said.
The
