Powertis and ACEA sign cooperation agreement for the joint development of 340 MW of solar PV projects in Italy

Soltec Power Holdings, through Powertis, has a portfolio of more than 3.1 GW in various stages of development in Italy at the end of the first half of the year.Powertisa Spanish company dedicated to the development of photovoltaic solar projects, belonging to Soltec Power Holdingshas completed an agreement in Italy with ACEAWith this new milestone, Powertis consolidates its position in the Italian market. The pipeline in Italy at the end of the first half of 2022 amounts to 3.1 GW. This transaction confirms the excellent health of the company's global pipeline and the quality of the assets available in Italy. Pablo Otín, CEO of Powertis "ACEA is a first class partner in a strategic country for the development of our company in Europe. Our positioning, the quality of our assets, the development team we have locally, as well as the synergies provided by being integrated in Soltec Power Holdings, allow us to close quality agreements with strategic partners for us, which will allow us to maintain and improve our competitive position in the country. Raúl Morales, CEO of Soltec Power Holdings "Our vertical integration strategy is key in closing deals like the one we have just signed in Italy. We are firmly committed to finding partners that add value to our assets. The geographic diversification of our pipeline is a fundamental value that allows us to guarantee growth, take advantage of the opportunities that arise globally in the different markets, and on the other hand minimise risks, while maintaining a relevant presence in Europe".Soltec Power Holdings closed in 2020 and 2021 with Aquila Capital The company closed the first half of the year with a total pipeline in Italy of more than 3.1 GW, an increase of 86% compared to the first half of 2021, comprising 2 GW at an advanced stage, 569 MW of early stage projects and 415 MW of identified opportunities.