Eurus Energy Group has acquired a 50% interest in two Italian wind farms, totalling 31.15MW.
The projects, IVPC Power 4 and IVPC Power 9, are located at Calabria, about 10km from the Ionian Sea.
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Italian wind energy firm Maluni operates IVPC Power 4 and IVPC Power 9, which began operations in 2008 and 2009 respectively.
The 12.75MW IVPC Power 4 project has 15 850kW turbines made by Denmark-based wind turbines manufacturer Vestas.
The IVPC Power 9 development has a capacity of 18.4MW and is powered by four of Vestas’s 850kW machines and five 3MW turbines.
Eurus Energy and Maluni did not disclose the financial terms of the transaction.
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By GlobalDataBoth the projects have power purchase agreements with state-owned renewable energy firm GSE.
The deal takes Eurus Energy’s total generation capacity in Italy to 200.35MW. The company plans to further expand its wind business in the country.
Eurus Energy and Maluni have been jointly operating IVPC wind projects in Campania and Puglia since December 1996.
The Italian government is planning to generate 17% of its electricity consumption from renewable energy, within which wind power is estimated to account for 12,600MW.
Image: Eurus Energy has acquired a 50% stake in two Italian wind farms. Photo: Courtesy of Eurus Energy Group.
