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Aviva buys 35% of Italian developer Innovo

Richard Heap
July 30, 2023

Aviva Investors has agreed to buy 35% of Italian developer Innovo Renewables, with the option to increase its stake to 50% in the next two years.

Innovo has a 2.8GW pipeline of wind, solar and storage developments in its core European markets of Italy, Spain and the UK. Aviva said the deal would help Innovo to grow its business and increase its development capabilities.

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