Italian Solar Company Changes Hands

The Green Deal for Europe and backing from the Italian government will see the nation add 1.1 GWp of new clean energy capacity annually for the next decade, according to the PV plant operations and maintenance (O&M) services provider which has taken ownership of the rival business of Enerray. The lift for clean energy investment will see Italy progress from 22 GWp of solar generation capacity today to 30 GWp “in the coming years,” O&M provider LT Renewables. Milan-based LT Renewables did not reveal the price paid for Enerray but it was paid in cash and did not involve ofsetting for monies owed. No jobs would be lost at Enerray as part of the acquisition. The Enerray acquisition brought 240 MWp of solar plant O&M work to the LT portfolio.