EQS-News: VERBUND AG: VERBUND acquires approx. 110 MWp PV project portfolio in Italy
   EQS-News: VERBUND AG / Key word(s): Mergers & Acquisitions
   VERBUND AG: VERBUND acquires approx. 110 MWp PV project portfolio in Italy

   30.07.2024 / 11:12 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   VERBUND AG hereby announces the signing and closing of an acquisition of
   an approx. 110 MWp PV project portfolio in Central Italy (Lazio). The
   portfolio was sold by KE-RENINVESTMENT S.A., the Spanish holding company
   of the Turkish investor Kinesis Enerji.

    

   The PV portfolio with a total capacity of approx. 110 MWp comprises two
   projects at advanced stage of development. Both projects share a
   substation and are pooled in a project company.

    

   Located in close proximity to key consumers (Greater Rome), the PV
   portfolio contributes to geographical diversification of VERBUND. 

    

   It was agreed that the purchase price will not be disclosed. The closing
   has taken place on 30th July 2024.

    

   VERBUND’s 2030 strategy envisages significant and value-creating growth in
   the areas of solar and wind power so that by 2030 around 25% of its total
   electricity will be generated by photovoltaic systems and onshore wind
   power plants. The current acquisition is another step towards achieving
   this target and expanding VERBUND’s market presence in Italy.

    

   Contact:
   Andreas Wollein
   Head of Group Finance and Investor Relations
   T.: +43 (0)5 03 13 - 52604
   F.: +43 (0)5 03 13 - 52694
   mailto:investor-relations@verbund.com

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   30.07.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     VERBUND AG
                Am Hof 6A
                1010 Wien
                Austria
   Phone:       0043-1-53113-52604
   Fax:         0043-1-53113-52694
   E-mail:      investor-relations@verbund.com
   Internet:    www.verbund.com
   ISIN:        AT0000746409
   WKN:         877738
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1957127


    
   End of News EQS News Service


   1957127  30.07.2024 CET/CEST

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