Altea Green Power Acquires 16.75 MW Operational Solar PV Plant in Montecchio Emilia, Italy for ~€16 Million
Altea Green Power has acquired a 16.75 MW operational photovoltaic plant in Montecchio Emilia, Reggio Emilia, Italy via the acquisition of 100% of SPV NB5 S.r.l. for approximately EUR 17 million. Operational since January 2024 and supported by a 20-year FER 1 feed-in tariff, the acquisition marks AGP's first direct asset purchase as part of its IPP strategy outlined in its 2024–2028 Business Plan.
Transaction date: · Source: alteagreenpower.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 16 MW
- Transaction price
- 16 million (currency as reported in the source)
- Buyer
- Altea Green Power
- Seller
- SPV NB5 S.r.l.
- Country
- Italy
- Region
- Emilia-Romagna
- Location
- Montecchio Emilia, Reggio Emilia, Emilia-Romagna, Italy
- Continent
- Europe
- Development status
- Operational
- PPA
- Yes
Technology details
16.75 MW photovoltaic plant, operational since January 2024. Benefits from a FER 1 feed-in tariff (granted July 2025) with a duration of twenty years.
Power purchase agreement (PPA)
Plant benefits from a FER 1 feed-in tariff granted in July 2025 with a duration of twenty years.
Additional information
Total purchase price of approximately EUR 17 million: approximately EUR 16 million for the photovoltaic plant value and approximately EUR 1 million for positive net working capital components. First direct asset acquisition by Altea Green Power as part of its IPP strategy outlined in the 2024–2028 Business Plan. The acquisition advances the start of AGP's IPP portfolio to 2026, ahead of the originally planned 2027 timeline.
Source
Original announcement: https://www.alteagreenpower.com/wp-content/uploads/2026/05/PR-060526-1516-AGP-acquisto-Impianto-FTV-emilia-EN.pdf