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Enerside’s Italian team has handled over 500 MW of project sales and development since last year. Image Credit/Source: Energieatomique/Pixabay
Enerside, a Spanish solar and energy storage company, has signed a binding agreement with AGE. The deal allows Enerside to acquire the remaining 44% stake in its Italian subsidiary.The deal is structured through a €24 million capital increase at €3.17 (~$ 3.71) per share. AGE has become Enerside’s largest shareholder with 21% ownership. The acquired assets include 1.2 GW of agro-voltaic solar parks and 11.2 GWh of battery storage. These projects are in southern Italy within designated PNIEC areas. Enerside’s local team has managed project development and sold over 500 MW in recent years. The transaction simplifies Enerside’s corporate structure. It supports the company’s 2025-2028 growth plan. The capital increase has improved Enerside’s equity position and reduced its Loan to Value ratio to 23%.