A2A completed the acquisition of the wind and photovoltaic portfolios from Ardian for $505m.

A2A, a firm that generates, distributes, and markets renewable energy, completed the acquisition of the wind and photovoltaic portfolios from Ardian, a private equity firm, for $505m. “With these plants A2A consolidates its position as the second largest operator in renewables and its presence in Italy, increasing its activities in Sardinia, Puglia, Lazio and Campania. The operation enables the Group to record significant growth in wind power and boost photovoltaics. Today’s agreement and the transactions concluded in the last 12 months allow us to anticipate by two years the objectives of increasing the generation of green energy as set out in our Business Plan. In order to achieve independence from foreign markets in the supply of gas we need to accelerate the development of renewables, a key factor in the ecological transition. Our objective is to continue to invest in this sector and contribute to the sustainable development of the country,” Renato Mazzoncini, A2A CEO.