Home » A2a takes over the Ardian wind and solar plants: a 452 million euro transaction

A2a takes over the Ardian wind and solar plants: a 452 million euro transaction

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A2a has signed a binding agreement with Ardian to acquire its shareholdings in 3New & Partners, Daunia Calvello and Daunia Serracapriola, relating to a portfolio of wind and photovoltaic parks in Italy with a total power of 335 MW, of which 195 MW pertaining to Ardian. It can be read in a note which indicates a capital value (Equity Value) of 265 million euros. A second agreement was also signed for the 4New portfolio for a total of 157 MW, with an ‘Equity Value’ of 187 million euros.

An operation – which explains the CEO of the multiutility Renato Mazzoncini – allows us to “bring forward by two years the objectives of increasing the generation of green energy envisaged by our Industrial Plan” from 16 billion to 2030. The manager emphasizes that “to free himself from foreign dependence on gas supply, the expansion of renewables, a key factor in the ecological transition, must be accelerated. Our goal is to continue investing in this sector and contribute to the sustainable development of the country “.

The 4New portfolio is entirely held by a fund managed by Ardian. Of the overall wind and photovoltaic plants for 157 MW, 117 MW are located in Italy and the remaining 40 WW in Spain. «With these plants – continues Mazzoncini – A2a consolidates its position as the second operator in renewables and its presence on the national territory, increasing its activities in Sardinia, Puglia, Lazio and Campania. The operation – he underlines – allows the Group to record significant growth in wind power and advance in photovoltaics. Furthermore, as envisaged in the 2021-2030 Industrial Plan, the presence in Spain constitutes a first step in the development of Renewable Plants in other European countries “.

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As for Ardian, the member of the Executive Committee and Infrastructure Manager Mathias Burghardt recalled that «with the development of the last 15 months, our Italian platforms now have half a gigawatt of assets. Ardian has been a pioneering investor in the renewable sector in Italy, which has been able to support growth and ecological transition and we are pleased that these two operations are part of A2a’s energy transition plan ».

In June A2a and Ardian signed an agreement for the creation of a partnership in the production and sale of electricity worth 4.5 billion, of which the Multiutility will be the majority shareholder with 55%. Last December the parties extended the exclusive negotiation period for the development of the new company to March 31st.

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