ERG to acquire seven wind farms in Italy from EDP Renewables for €420m.

ERG, a wind energy operator in Italy, agreed to acquire seven wind farms in Italy with a total installed capacity of 172 MW from EDP Renewables, a renewable energy company, for €420m. "Through this acquisition, which is consistent with the Group’s growth strategy, ERG further consolidates its leadership position in the Italian wind market, increasing its Country's total installed capacity to around 1.3 GW. The high-quality plants, very recently commissioned, benefit from long-term purchase agreements, in line with our approach to secure the revenues. Lastly, the wind farms are located close to other ERG’s plants with the chance to develop significant industrial synergies," Paolo Merli, ERG CEO.