TerniEnergia has commenced its acquisition of five companies: Rinnova, Energia Basilicata, Energia Lucana, Energia Nuova and Verde Energia. The purchases are aimed at developing new industrial-sized photovoltaic plants in Molise and Basilicata regions, for a total power installed amounting to approximately 55MWp.
At present each purchase it at a different stage of the authorization proceedings. The price that was agreed for such purchase transactions concerning 100% of each company’s share capital was €6.7 million, which were wholly financed by cash, of which an amount of €0.3 million was paid as down payment.
The remaining sum will be paid once each plant obtains the permission to open the relevant working sites. This is expected to take place by the end of November this year.