Assets acquired in Italy

We recently closed on the acquisition of four more Endurance E3120 Turbines in Italy. This together with the recent acquisition of the 200kw srl Company, brings our portfolio of turbines in Italy to 26. We continue to explore more opportunities in Italy and believe we will close on many more acquisitions in the next year.

We have also recently acquired a WES 80 Turbine in Northern Ireland. This is our first acquisition of a WES Turbine and we hope this will open up this market to us for further deals in the future. As part of this transaction we have acquired a 50Kw Solar PV located on the property. This is also a first for Arena. WEP will be performing the O&M on the turbine going forward.

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