Octopus Renewables sells 173MW solar portfolio in Italy

The portfolio involves nine projects north of Rome and eight on the island of Sardinia

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Octopus Renewables, the clean energy investor arm of Octopus Group, has agreed to sell 173MW solar portfolio in Italy to the local utility A2A for €205 million (£178m).

The portfolio includes nine sites in the Lazio region, north of Rome and eight on the island of Sardinia.

Matt Setchell, Co-Head of Octopus Renewables, said: “The nature of these sites makes them well suited for the addition of energy storage and hydrogen infrastructure, while the absence of subsidies and a forward-looking PPA strategy allows these new technologies to be easily accommodated.”

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