Headlines

EXCLUSIVE Voluntary wind up for Icasco, customers are afraid

Powernews01 mins

[vc_row][vc_column][vc_column_text]Milan-based trader Icasco, active in the environmental credit market, was placed into voluntary wind up. The registration to the Court of Milan took place in May 2018. The causes of liquidation are not known. A dismissal letter was sent to the seven employees. Michele Canditone was appointed liquidator of the company. Established in 2009 with…

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ContourGlobal hires head of legal and corporate affairs

Powernews01 mins

[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] Content available to “Powernews Yearly Subscription” members…

Silver Ridge offloads Italian PV portfolio

Powernews01 mins

[vc_row][vc_column][vc_column_text]Silver Ridge Power Italia, a joint venture between Riverstone and SunEdison has sold to Cubico  105.6 MW portfolio of 18 solar PV plants in the Italian regions Apulia, Lazio and Sicily Cubico has not disclosed the financial terms of the deal. The plants in the portfolio have been operational since between 2010 and 2013. They are…

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innogy adds 23 MW wind farm from Imprese & Servizi

Powernews01 mins

[vc_row][vc_column][vc_column_text]The Germany based energy company innogy and the Italian developer Imprese e Sviluppo have signed an agreement to acquire all shares in the Deliceto onshore wind farm. The 23 MW winf farm based in the Apulia region has been in operation since January 2013 and consists of 10 Enercon wind turbines with an installed capacity…

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Impact of Nord Stream 2 and Turkstream on the Italian gas market and the importance of TAP

Powernews02 mins

Beginning of this month in Vienna has been signed an agreement to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading for the Russian gas supplies to Austria. The current contract is valid until 2028. The Italian gas market stakeholders didn’t pay too much attention on this message.

In the last two years the European gas consumption is rising and the cold weather in Europe between end of February and beginning of March 2018 led to record daily import volumes of Gazprom at that time. Gazprom Export reported for 2nd March 2018 a daily import quantity to Europe of 713.4 million cubic metre which has never been reached before.

Why should this contract extension and in general the plans of Gazprom to bypass the Ukrainian transit route attract much more the interest of Italian stakeholders……..

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MET hires head logistics

Powernews01 mins

[vc_row][vc_column][vc_column_text]Zug-based Hungarian trading house has hired Roberto Borghetti, Head of Origination and Logistics at ENOI, gas and power trader in Milan. Borghetti will start next week in the logistic and operations department. Various sources of the market have confirmed the departure at Power-News. Borghetti since 2006 in ENOI has held various roles in operations and…

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Guarantee of origin prices rise sharply at latest Gse auction

Powernews01 mins

[vc_row][vc_column][vc_column_text]Last Thursday the auction of Guarantee of Origin (GoO) reached another peak with prices rising strongly compared to the last auction of March. The GoO were sold by the State-owned Gse (Gestore dei Servizi Energetici). The GoO are related to production between January and April 2018. The Guarantees of Origin (GOs) are electronic certificates issued…

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Power Clouds, Chief Tecnology Officer exits

Powernews01 mins

[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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Gallanti to leave Danske Commodities

Powernews01 mins

Dario Gallant, after almost 5 years as origination general manager for southern Europe with focus on Italy at Danske Commodities , will leave the Danish trading house end of this year to continue as equity partner of the Spanish advisory firm Our New Energy (ONE ). ONE, founded in 2016 by former Danske Commodities employees,…

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Erg and Quercus dissolve Erg Q Solar 1, the relation has been cooled down since months

Powernews01 mins

[vc_row][vc_column][vc_column_text]The relation between Erg group and Quercus fund, specialized in renewable energy investments had cooled in Autumn 2018. Powernews reported it in November 2018 and caused the disappointment of Quercus Assets Selection’s Ceo Diego Biasi. The joint press release issued yesterday by Erg Q Solar 1’s two promised partners proved that we were right: “Erg…

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Wind offtake, Cubico and Oxara Energy switch traders

Powernews01 mins

Continua anche ad agosto la rotazione nell’elenco degli operatori che, complici le nuove regole sul dispacciamento, escono o consolidano la propria quota di mercato nei servizi del dispacciamento eolico in Italia. Secondo gli ultimi dati della Borsa elettrica, la gestione dei parchi eolici di proprietà del fondo di investimento Cubico (99 MW) è passata …

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EXCLUSIVE: A2a, Ef Solare and F2i moved to Trentino Alto Adige to avoid minimize the Irap tax

Powernews01 mins

[vc_row][vc_column][vc_column_text]It is very interesting to read the list of the companies, which have moved the legal address to Trentino Alto Adige; in many cases only to avoid paying Irap. Thousands of special purpose vehicles, which own plants all over Italy, are domiciled between Bolzano and Merano and between Trento and Rovereto. Some of them are…

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