AEGA ASA's goal is to ensure steady, competitive yields to its investors through investments in solar power plants
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.
The predecessor to the company was established in November 2013 and has since its inception acquired seven parks. The company has its operating offices in Oslo, Norway and Trento, Italy, and is structured as a holding company of unique Special Purpose Vehicles (SPVs) being the beneficial owners of the solar parks.
Aega ASA has a highly experienced management team with credentials from leading companies in the renewables sector. The team has been present in the Italian solar market since 2003. The company has a strong on-ground operational focus and contributes to value enhancement of its investments through delivering best in class asset performance and efficiency for the solar parks.