This transaction forms part of the existing framework agreement signed in June with SPF, a renewable energy company of which one of the most important investors is Sopaf, 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.

Acta is in negotiation to sell EPC contracts into these projects early in the new year.

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