(Alliance News) - ERG Spa announced on Wednesday that it has finalized, through its subsidiary ERG USA Holding, Inc. the closing with Apex Clean Energy Holdings LLC for the acquisition of 75 percent of the portfolio consisting of one wind and one solar plant in the U.S., both in operation, totaling 317 MW of installed capacity and an estimated production of about 1 TWh.

The company explained that the transaction is the ERG Group's first step into the overseas renewables market and represents a unique opportunity to continue the growth of the business portfolio, increasing its geographical and technological diversification.

On Wednesday, ERG closed 0.4 percent in the red at EUR24.24 per share.

By Claudia Cavaliere, Alliance News reporter

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