Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Conditional sale of Euro 0.9 million PV consents

31st Dec 2010 07:00

RNS Number : 7542Y
Acta S.p.A.
31 December 2010
 



Press Release

31 December 2010

 

Acta S.p.A.

 

("Acta" or "the Company")

 

Conditional sale of €0.9 million photovoltaic consents

 

Acta S.p.A. (AIM: ACTA), the clean energy products company, is pleased to announce that it has completed the conditional sale of four photovoltaic ("PV") authorisations, with a contract value of €0.9 million, to SPF Energy S.p.A. ("SPF"). This transaction forms part of the existing framework agreement signed in June 2010 with SPF, a renewable energy company of which one of the most important investors is Sopaf S.p.A., an independent Italian investment company listed on the Milan Stock Exchange, to install commercial-scale PV parks in Italy.

 

The authorisation sales are subject to the completion of the purchase of land lease rights in relation to each of the sites, expected by the end of January 2011. Acta is in negotiation to sell EPC contracts into these projects early in the New Year.

 

- ENDS -

 

For further information please contact:

 

Acta S.p.A

Paul Barritt, Chief Financial Officer

 

 

Tel: +39 050 644281

www.actagroup.it

www.actaenergy.it

 

Altium

Adrian Reed / Phil Frame

 

Tel: +44 845 505 4343

 

 

Media enquiries:

 

Abchurch Communications Limited

Heather Salmond / Mark Dixon / Justin Heath

[email protected]

 

Tel: +44 20 7398 7729

www.abchurch-group.com

 

 

About Acta S.p.A.

 

Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Its product line includes market-leading compact hydrogen generators (electrolysers) which produce pure, dry and compressed hydrogen in a way that is easy-to-use and completely safe. The Company is also extensively involved in the Italian solar photovoltaic market through its photovoltaic business, ActaSol, and is committed to integrating its award-winning electrolysers with renewable energy sources. The Company is currently in the process of delivering a significant photovoltaic installation contract to SPF Energy through its joint venture company, SolGen, and is developing a substantial pipeline of project consents.

 

Acta's cost-competitive electrolysers are based on its proprietary, inexpensive environmental catalyst and hydrogen conversion technologies. These products help overcome the barriers to the adoption of fuel cells, most notably the lack of a local hydrogen infrastructure.

 

Acta's low-cost hydrogen generators represent a unique breakthrough in electrolyser technology. They can operate using mains power or intermittent renewable energy, and produce clean, dry hydrogen already at pressure for use in fuel cell and other applications. This unique combination of features avoids the system complexity and energy cost of further cleaning, drying and compression of the hydrogen, resulting in a simple, compact, low-cost and highly efficient system that is ideally suited for energy conversion and storage applications. In such applications, which include battery replacement and renewable energy storage, low cost and high efficiency are critical to commercial viability, while hydrogen compression is essential for the energy density of the system. No other water electrolyser currently on the market offers this combination of benefits.

 

Acta is focusing on delivering its products to markets with high volume demand for high-value environmental solutions (transport, UPS, energy and leisure). It is accelerating the commercialisation of its products via partnerships with original equipment manufacturers (OEMs), distributors, and agents in these sectors, and intends to drive down production costs at high volume via contract manufacturing.

 

Acta is marketing its electrolyser product range to early adopters through its energy products division, Acta Energy. This division's objective is to ensure, through facilitating the widespread adoption of commercial and domestic fuel cell products, that Acta's hydrogen generator becomes a familiar industrial and domestic appliance.

 

Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.

 

www.actagroup.it www.actaenergy.it

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAEAEDDDEFAF

Related Shares:

ACTA.L
FTSE 100 Latest
Value8,809.74
Change53.53