PLT energia, among Italy's largest independent operators in the renewables sector and a subsidiary of PLT holding owned by the Tortora family, has signed an agreement with EDP Renewables Italia Holding S.r.l. to acquire the entire share capital of six companies that own seven operating wind farms located in Italy.

The plants are located in Basilicata, Campania and Calabria and have a total installed capacity of 191 MW, corresponding to an estimated annual production of about 416 GWh. All but two of the plants benefit from a "CfD" (contract for difference) tariff scheme with the GSE with a duration of 20 years from their commissioning, which took place between May 2021 and May 2023. The portfolio recorded an Ebitda of about 40 million euros in 2023.

The transaction closing is expected by the end of July 2024.

Pierluigi Tortora, Chairman of PLT energia commented, "With this transaction, the PLT group further consolidates its growth strategy in the renewables sector with an immediate booster to its EBITDA which, together with the 500 MW already authorized of which over 100 MW under construction, may stand at over 50 million euros in 2025 and over 120 million euros in 2026. It thus continues the industrial trajectory of the company, which with approx. 3.5 GW of plants currently under development expects to play a primary role in the sector."

"The recently built plants represent the best practice in the market in terms of both technology and construction quality," said Stefano Marulli, CEO of PLT energia. "This wind platform, represents a solid base on which to develop the ambitious growth plan that still sees us as a leading player in the sector thanks also to a team of qualified resources,able to manage the entire life cycle of the plants."

In the context of the transaction, Unicredit supported PLT energia in the financial structuring of the deal, Rothschild&Co had the role of financial advisor, Bonelli Erede firm of legal advisor, Fichtner of technical advisor and Marsh of insurance broker for the W&I underwriting.



For further information:

Eleonora Tortora
CFO & Investor Relator
PLT holding S.r.l.

Email: investor.relations@pltholding.it

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