This acquisition is comprised of nine PV parks that have been developed with an investment of EUR55m.

The nine solar parks use fixed structures and monocrystalline panels, and are located in the regions of Piedmont, Marche, Molise, Lazio, Puglia and Calabria.

Solarig Italia Operation and Maintenance, a subsidiary of Solarig, will be responsible for operation and maintenance of solar parks for the next 20 years.

Altrium Energy, engaged in corporate and financial management and renewable energy production asset contracts, will oversee the economic-administrative management of these properties.

Solarig has had the support of various financial entities such as Grupo Intesa, Fineco or ING, to finalize the contract.

The company has also had advising from the Norton Rose and Agnioli Giugioli law firms and the technical consultants at Protos and ICIM.

The company said the solar parks have been developed using equipment and materials from top-of-the-line suppliers.