Ternienergia sold 22 PV plants in Italy

Italian solar developer Ternienergia Spa, part of the Italeaf Group, has signed all the contracts relating to the sale of 22 photovoltaic plants for a total price of €23.875 million ($25.8 million) with Mareccio Energia S.r.l., a platform for the aggregation of photovoltaic plants in Italy of a leading investment fund. The purchase price is corresponding to the equity value determined at the reference date of June 30, 2018. The plants are located in Italy with a total installed capacity of 19.3 MW.
Ternienergia will continue to manage the O&M activities of the plants involved in the deal for a period of three years. 16 plants were owned by Energia Alternativa S.r.l., Terni Solarenergy S.r.l., Girasole S.r.l., Sol Tarenti S.r.l. and Solter S.r.l. (3 plants of which held by the JV); and 3 plants directly owned by Ternienergia SpA. The remaining 3 plants held by SPV Guglionesi S.r.l. and Alchimia Energy S.r.l., will, instead, be sold to the buyers with the formula »Quota Purchase Agreement« (acquisition of the shares of the companies owning the plants subject to the transaction), says the company.

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