ESG EKO AGRO GROUP AG EQS-News: ESGTI AG: Eko Agro Group makes a landmark step into Agri-Photovoltaic solutions in Italy

Transparency directive : regulatory news

07/03/2023 14:05

EQS-News: ESGTI AG / Key word(s): Alliance/Expansion
ESGTI AG: Eko Agro Group makes a landmark step into Agri-Photovoltaic solutions in Italy

07.03.2023 / 14:05 CET/CEST
The issuer is solely responsible for the content of this announcement.

On January 31st 2023, Eko Agro Group (EAG) entered into a preliminary agreement (MoU) with RWE Renewables Italia - one of the leading energy suppliers in Europe and a major renewable energy provider on the global stage. The agreement is set to develop 35 Agri-Photovoltaic (APV) sites, concerning ca. 850 ha. of agricultural land across several regions in Italy; the result of which is foreseen to generate up to 700MW/h of clean energy.

In parallel, on February 16th 2023, EAG entered into a partnership agreement with RheAura OP, a major nationwide organization of Italian agricultural producers. This partnership will create an operational structure based on the EAG model aimed at the development of APV sites on suitable areas belonging to RheAura’s associates. APV solutions require an innate knowledge of agricultural operations and thus RheAura’s network and farming expertise is a key opportunity.

These preliminary agreements mark two major steps for the group in their goal to strengthen the sustainability of farming and leverage the growing symbiosis of green energy and sustainable agriculture.

ESGTI AG holds majority ownership of EAG and it remains the key player in their AgTech & Sustainable Agriculture investment pillar. As it carves the way for sustainable agriculture practices on a large scale this agreement is a major step for the Group and a positive sign towards investors who seek certified and financed business models in this space.
__________________
About Eko Agro Group
The Eko Agro Group is an enterprise group of established farm-to-fork producers, developing a sustainable approach to agriculture and food supply chains. Operating in the field of AgTech it combines smart farming technologies with ancient farming techniques to ensure a fully sustainable and transparent approach across the supply chain through to the end consumer.

About ESGTI AG
ESGTI AG is a Swiss public company focused on Investments with Environmental, Social and Governance principles. ESGTI invests in, or finances, directly or through investment companies, early-stage companies or projects with transformative impact in the fields of AgTech & Sustainable Agriculture, Life Sciences and Clean Technology & Energy.

07.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:	English
Company:	ESGTI AG
	Rothusstrasse 21
	6331 Huenenberg
	Switzerland
Phone:	+41 44 366 4031
Fax:	+41 44 366 4039
E-mail:	investors@esgti.com
Internet:	www.esgti.com
ISIN:	CH0298294981
WKN:	A1409X
Listed:	BX
EQS News ID:	1576837


End of News	EQS News Service

1576837 07.03.2023 CET/CEST

ESG EKO AGRO GROUP AG's latest news

19/03/2024 17:30

ESG EKO AGRO GROUP AG EQS-News: ESGTI AG: Eko Agro Group makes a landmark step into Agri-Photovoltaic solutions in Italy

Transparency directive : regulatory news

ESG EKO AGRO GROUP AG's latest news

Other stories