en.Wedoany.com Reported - Italian asset management company L&B Capital SGR, through its energy transition fund Italian Renewable Resources (IRR), has acquired a company holding rights to an approved 90 MW peak (MWp) agri-voltaic project in the Apulia region. The transaction was completed by IRR's acquisition of all shares of Societa Agricola TEP Foggia 4 Srl from TEP Renewables PV SpA, with the project located in the city of Foggia. Financial terms were not disclosed.

This acquisition is part of a strategic agreement under which L&B Capital will continue to collaborate with TEP Renewables, with both parties jointly exploring further investment and cooperation opportunities within the developer's agri-voltaic project pipeline. The IRR fund, launched in 2024, has raised over €255 million.

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