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Terra Firma In €641M Italian Solar Deal

Terra Firma has acquired Italian solar-energy company, Rete Rinnovabile.

Terra Firma has acquired Italian solar-energy company, Rete Rinnovabile, The Wall Street Journal reports. Italian high-voltage-grid operator, Terna, has sold the company for about €641 million.

The deal has been funded by Terra Firma with a combination of debt and equity. Rete Rinnovabile owns 62 solar photovoltaic plants in 11 regions in Italy, adds Bloomberg.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Bloomberg.

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