tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Alerion Forms Joint Venture to Boost Wind Energy

Alerion Forms Joint Venture to Boost Wind Energy

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

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1