Greenvolt - Energias Renováveis, S.A. (ENXTLS:GVOLT) agreed to acquire 50.2% equity stake in Enerpower for ?25 million on October 23, 2023. Under the terms of agreement, Greenvolt will pay ?25 million for 50.24% of Enerpower and 50.25% of a company dedicated exclusively to power purchaseagreements (PPAs).Post completion of the acquisition, the deal marks the Portuguese company's entry into the Irish distributed solar market, comes with an option for Greenvolt to increase its stake to 100% by 2028. Valerie Lawlor, Alan Fuller and team of McCann FitzGerald acted as legal advisor to Greenvolt in this transaction.