Aega ASA is a solar utility company that acquires and operates solar power plants. The company currently owns a portfolio of seven individual solar parks in the Umbria, Lazio, Abruzzo, Emilia-Romagna and Lombardia regions in Italy with a combined production capacity of 7MWp, and an initial annual electricity production of approximately 10GWh depending on the annual solar irradiation. The company focuses on acquisitions of smaller existing solar parks (below 5MWp capacity), following strict investment criteria.
The company targets to reach a total production capacity of 20MW within 2017 by taking advantage of the current attractive market for secondary solar parks meeting the strict investment criteria.