Italian energy company, GASCOM Renew Spa, has gained a majority share interest in Californian solar power developer Premier Power Renewable Energy Inc.

According to a filing with the federal Securities and Exchange Commission, Milan-based GASCOM purchased what amounted to 56 percent of the voting stock, reports the Sacramento Bee.

Solar power
GASCOM owns and operates photovoltaic plants, designs and builds renewable energy power plants (including solar, biomass and wind) and is a producer and seller of electricity.

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