Announced
Completed
Financials
Tags
Friendly
France
Cross Border
Single Bidder
Acquisition
Majority
power station
Electrical Components
Private
Private Equity
Completed
Synopsis
ERG, a wind power operator in Italy, completed the acquisition of Omniwatt, a French firm that owns a portfolio comprising five wind farms for a total of 58MW and two photovoltaic power facilities for a total of 22MW, from Omnes, a private equity firm, for €45m. "This transaction, in line with our 2021-2025 business plan allow us to enter into the French photovoltaic market, taking our overall installed capacity to almost 500MW. We will achieve this target through sale terms guaranteed by feed-in-tariff schemes and with an high technology portfolio that is located close to our other Group operational and logistic assets, thereby allowing us to achieve significant operational synergies," Paolo Luigi Merli, ERG CEO.
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