Eni, an Italian energy firm, has agreed to buy a 1.2 GW renewable energy portfolio in Spain from Azora, an independent real asset management company. Azora’s portfolio includes three operational wind farms, one under construction wind farm (for a total of 230 MW), and five major solar power projects in advanced phases of development totaling 1 GW.
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BayWa r.e. has recently acquired its long-preferred partner in France, Enerpole, which is a pioneer in the development of renewable energy and was founded in Carcassonne in the South of France in 2005. BayWa r.e. has bought a 600 MW project portfolio from the solar and wind power developer comprising of 300 MW of solar and 300 MW of wind assets.
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Eni and X-Elio have signed an agreement according to which Eni will acquire three of X-Elio’s solar PV projects. These projects are located in Spain and have a total capacity of 140 MW. They are also planning for a larger strategic collaboration as part of which the parties will develop renewable energy projects in Spain, where Eni aims to have 1 GW of renewable energy projects in the next five years.
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