Iren, a multi-service Italian utilities holding company, agreed to acquire Puglia Holding, a firm that controls 5 special purpose vehicles, for $185m. Together with the transaction Puglia Holding, Iren Energia and European Energy have entered into a commercial agreement on European Energy's development pipeline, amounting to a total of 437.5 MWp distributed over four sites in Lazio, Sicily and Puglia, of which 38.8 MWp already authorised, which provides for the possibility for Iren Energia to invest, in an exclusive period and at various stages of development, on the pipeline by exercising certain rights.