(Alliance News) - algoWatt Spa announced Tuesday that its subsidiary TerniEnergia Progetti has signed a four-year framework agreement with a leading international operator active in asset management and investment for the development of photovoltaic plants.

Specifically, the counterparty is committed to the construction of a pipeline of new photovoltaic plants, totaling an estimated 70 MWp to be built by Dec. 31, 2026, the company explained in a note.

algoWatt advances 1.3 percent to EUR0.24 per share.

By Claudia Cavaliere, Alliance News reporter

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