2018 Italian PV traders offtake market share

[vc_row][vc_column][vc_column_text]Italy’s power exchanges (GME) has published the market data and we can give a detailed view about the photovoltaics off-take campaign. Edison lost 59 MW compared to the previous year and was reached by Dufenergy with 226 MW, adding 89 MW to the 2017 portfolio. Trailstone, Green Network and ENOI didn’t take any capacity. Trento’s based…

Power Clouds, Chief Tecnology Officer exits

[vc_row][vc_column][vc_column_text]Roberto Forlani, Chief Technology Officer of Power Clouds will resign as of August 19, 2018. Forlani, who is also a shareholder of the company, will remain a member of the company’s board of directors. Power Clouds, listed on the Otc market in New York, has a photovoltaic portfolio of 6 megawatts across Italy, Japan and…

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EXCLUSIVE Mareccio Energia adds 9 MW to its PV portfolio

[vc_row][vc_column][vc_column_text]Mareccio Energia continues to increase its photovoltaic portfolio by adding 9 plants of 1 MW each for a total of 9 MW. All plants are located in the municipality of Villapiana in Calabria and are owned in three company vehicles, Andromeda Due, Pegaso Tre and Perseo Energia. Gpg Infrastrutture, a company based in Rome and…

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Ens Solar Five (Palladio), the Court of Milan approves composition with creditors

[vc_row][vc_column][vc_column_text]Milan-based photovoltaic producer Ens Solar Five, wholly owned by Vei Green, obtained last week by Milan court the homologation of the direct-standing composition with creditors. Vei Green invests in renewable energy and is controlled by Pfh Palladio Holding, the Vicenza-based company founded by Roberto Meneguzzo, of which Giorgio Drago is CEO, who in 2012 together…

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PV, Australian managed company with 2.3 MW goes bankrupt

A new financial disarray rekindles the spotlight on the risks faced by renewables. And it stimulates the interest of international funds looking for opportunities on the Italian secondary market.

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European Energy divests 39 MW wind farm in Italy

[vc_row][vc_column][vc_column_text]Luxembourg-based fund Quercus Assets Selection acquired from the German Windpark Bosco, entirely owned by the Danish group European Energy, the wind farm company Lucania Wind Energy. The latter has the ownership of the project of the Bosco Le Piane wind farm in the municipalities of Tolve and Vaglio Basilicata, in the province of Potenza. The…

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ContourGlobal and Credit Suisse partners in the Italian PV market

ContourGlobal Italia, controlled by the independent listed ContourGlobal on the London Stock Exchange, sold 49% of its portfolio of photovoltaic assets in Italy and Slovakia for 63 million euros to a group of funds advised by Credit Suisse Energy Infrastructure Partners (Cseip). The closing of the operation is expected for September. According to the company, the enterprise value of the portfolio sold is 334 million euros. The deal involves…..

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Erg and Quercus establish a JV for the Italian PV market

[vc_row][vc_column][vc_column_text]Genoa-based Erg, a renewable energy producer with 2800 MW across Europe and Quercus Assets Selection, a European fund focused on investments in renewable sources with over Euro 350 million of assets under management, have signed an agreement for the creation of a NewCo, ERG Q Solar1. The joint venture will be based in Genoa under…

ContourGlobal hires head of legal and corporate affairs

[vc_row][vc_column][vc_column_text]The US investment fund ContourGlobal hired Nerina Russo as head of legal and corporate affairs for Italy. Russo leaves Falck Renewables where he has worked for the last 10 years as a legal representative for Southern Europe. ContourGlobal in Italy manages a portfolio of photovoltaic and biogas plants.[/vc_column_text][/vc_column][/vc_row]

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Enel and Infracapital, details emerge on the assets transferred to the Newco

La vendita da parte di Enel di undici piccole centrali di cogenerazione e trigenerazione alla società d’investimenti internazionale Infracapital era stata annunciata in anteprima da Powernews

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Po Valley sells Italy operations subsidiary to Saffron Energy

[vc_row][vc_column][vc_column_text]Saffron Energy, listed on the AIM of the London Stock Exchange has acquired the Italian oil & gas portfolios of each of Sound Energy Plc, and Po Valley Energy. The transactions will be structured as a purchase of the entire issued share capital of Sound Energy Holdings Italy Ltd, and Po Valley Operations Pty Ltd….

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