Falck Renewables S.p.A. has purchased 70% of Iron SPV S.r.l. from Canadian Solar Group. Iron SPV S.r.l. owns a solar project currently under development in Sicily for a total capacity of about 35 MW.
The project has secured grid connection and preliminary land rights and will apply for permits and authorizations in 2020. Upon obtaining the construction authorizations for the project, Falck Renewables will acquire the remaining 30% of Iron SPV S.r.l.
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