Impax has acquired a 9MW portfolio of solar PV plants from Scatec Solar.
The portfolio comprises eight projects around Puglia in Southern Italy and one in Sardinia. The deal is Impax’s first investment in the Italian solar market. Bank financing of close to €34m will be provided for the projects by DNB Bank.
The firm has invested from its second infrastructure fund, which has €330m to invest in the renewable sector and has so far backed a number of operational and pre-construction wind power projects in France and Germany.