ERG which is an Italian renewables energy producer and leading wind energy operator in Italy has announced its plans to enter German renewables market by co-developing 600 MW of solar energy portfolio in Germany with the help of Aream. Aream which is a fully integrated investment and asset manager for institutional investors with a focus on sustainable infrastructure in the renewable energies sector is German based company. The agreement was signed between ERG’s subsidiary ERG Development Germany GmbH & Co. KG. and AREAM Advisory GmbH, part of Aream group. ERG considers it an important step in the technological and geographic diversification of its portfolio as Germany is a leading European country in renewables energy sector with its solar energy capacity expected to reach 50 GW by 2030.
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