RTR Capital buys 32.5MW from Acea RSE

  • RTR Capital has bought Apollo after winning a competitive bidding process. Image: Fotopedia.
    RTR Capital has bought Apollo after winning a competitive bidding process. Image: Fotopedia.

RTR Capital, a subsidiary of Terra Firma, has acquired Apollo from Acea Reti e Servizi Energetici SpA (Acea RSE) after winning a competitive bidding process which attracted 30 PV operators. 

Apollo manages a portfolio of PV plants which has a combined capacity of 32.5MW. The plants are located in Puglia, Lazio and Campania in Italy.

As part of the agreement, RTR Capital paid a total price of €102.5 million (US$133.4 million) for the company, which is equal to paying around €3 million per megawatt.

Acea said the sale was in line with Acea Group’s strategy to “extracting value from non-core assets in order to consolidate its leadership in regulated markets”, whilst maintaining a balanced and efficient financial structure.

Following this latest acquisition, RTR Capital now operates 297.5MWp of installed PV capacity in Italy and produces more than 400 GWh of electricity every year.

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 25th Edition

    In this issue we offer some insights into what the next wave of photovoltaic technologies may look like as that upturn gathers pace. Industry observers have been in broad agreement that the major next-gen PV technology innovations won’t happen straight away. But there’s also little doubt that the search is now on in earnest for the breakthroughs that will come to define the state of the art in the industry in the years to come.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media