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Italy’s ERG gets EC nod to join 317-MW solar, wind portfolio in US

February 8, 2024

Italian independent power producer ERG SpA (BIT:ERG) has secured approval from the European Commission (EC) to acquire a majority stake in a 317-MW wind and solar farm portfolio in the United States in its first investment across the pond.

The EC said on Thursday that the transaction, which is to see ERG acquire a 75% stake in the portfolio from US renewables developer Apex Clean Energy, “would not raise competition concerns, given the limited impact on the European Economic Area”.

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