Acta reduces solar power exposure
Italian clean energy company Acta is to sell two solar energy project consents to Fedi Impianti, its joint venture partner on a number of previous solar energy projects.
Italian clean energy company Acta is to sell two solar energy project consents to Fedi Impianti, its joint venture partner on a number of previous solar energy projects.
The consents relate to a 1.5 megawatt capacity project in Tuscany, with Acta being paid with a retained equity stake worth between €130,000 and €160,000.
The installation of the projects will be financed by Fedi without any funding or other financial support being provided by Acta.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Acta wants to focus on its electrolyser products and the disposal is part of the Italian firm's strategy of getting out of the pholtovoltaic (solar electricity) market.
Over the last 12 months Acta's stock has lost 85% of its value. At 11:28 on the morning of the sale announcement the shares were up 0.25p at 8.375p.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best houses for sale with home cinemas
Houses for sale with home cinemas – from a modern oast-house style property in Kent to a house in Buckinghamshire with Dolby sound and bespoke seating
By Natasha Langan Published
-
Rachel Reeves faces £23 billion capital gains tax “black hole” – will she be forced to look elsewhere?
The fiscal watchdog has downgraded its forecast for capital gains tax revenues, leaving chancellor Rachel Reeves with £23 billion less than previously expected
By Katie Williams Published