Renewable Energy, Solar

VIDEO: E.On divests its solar power business in Italy

E.On has sold its Italian solar power business to the private infrastructure investment fund manager F2i SGR. F2i has a track record in the solar business in Italy, according to E.On.

The activities sold comprise a total generating capacity of 49 MW and consist of seven ground mounted solar power plants that were constructed between 2010 and 2013.

The solar plants are located in areas with high irradiation and benefit from favorable solar regimes providing stable cash flows in the long-term. About 70 percent of the capacity is installed on Sardinia.

E.On and F2i SGR agreed not to disclose the purchase price. The transaction was signed and closed on February 19, 2015.