- Industry Roundup
- Fab & Facilities
- Cell Processing
- Thin Film
- PV Modules
- Power Generation
Visit us at Intersolar Munich! The Solar Media booth is at Hall A1 booth 655, where you can pick up our products at discounted price and learn more about your PR options or share something newsworthy for publishing! Our team will welcome you with a hot coffee and comfortable chair during your travels around the exhibition halls.
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.