Alerion Forms Joint Venture to Boost Wind Energy

Alerion CleanPower (IT:ARN) has released an update.

Alerion Clean Power has entered an equal joint venture with Alperia to develop and manage wind power plants in Puglia, with a total capacity of 120 MW. As part of this partnership, Alerion sold a 50% stake in Naonis Wind S.r.l. for €49.7 million, along with 50% of shareholder loan credits for €13.4 million. This deal supports Alerion’s strategy to expand its wind energy portfolio in Italy and abroad.

For further insights into IT:ARN stock, check out TipRanks’ Stock Analysis page.

Trending Articles

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.