Edison, the representative of the savings shareholders looks the appeal of the 2018 balance sheet

[vc_row][vc_column][vc_column_text]The resolution approving Edison’s financial statements as of 31 December 2018 voted during the company’s recent annual meeting could be challenged by the common representative of the savings shareholders, the lawyer Luciano Castelli. Appointed in this role by the Amber fund, Luciano Castelli, a professional partner of the Lca law firm complains to the French…

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Obton takes over 15 MW of Italian PV assets from Enfinity

[vc_row][vc_column][vc_column_text]The investment company Obton, based in Aarhus, Denmark, acquires 15 MW of PV plants held in Italy by the Belgian developer Enfinity. The thirteen plants are located in Puglia and Sardinia. Obton – of which he is managing director and co-founder Anders Marcus – as a result of this operation reaches 40 MW of installed…

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PV, Athena Investments succeeds in arbitration proceedings against Italy with Eur 7.4 million award

[vc_row][vc_column][vc_column_text]Copenhagen Exchange listed Athena Investments asset owner of operating renewable energy plants in Italy and Spain, on Monday announced an award of EUR 7.4 million in an arbitration procedure against Italy related to changes in the country’s renewable energy legal framework. The company launched the arbitration procedure against Italy under the Energy Charter Treaty (ECT)…

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Axpo buys 3 MW PV plants from Moncada

[vc_row][vc_column][vc_column_text]Axpo Solutions Italia, a subsidiary of Axpo Italia, took over from the Sicilian group Moncada a portfolio of PV plants held in the company vehicles Moncada Energy Group Srl and M & A Rinnovabili Srl. The portfolio of about 3 MW consists of plants located in Sicily (1 MW), Lombardy (1.5 MW) and Piedmont (0.5…

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Cubico buys 26.4 MW PV portfolio

[vc_row][vc_column][vc_column_text]London-based renewables investor Cubico Sustainable Investments has purchased a 26.4 MW portfolio of operational solar parks in Italy from funds managed by Zug-based Partners Group. Financial terms of the deal were not disclosed. As it was anticipated by Powernews two months ago the portfolio consists of 15 photovoltaic plants located in the regions of Veneto…

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Ankorgaz, the first bio-LNG plant. The capital will be open to a strategic partner

[vc_row][vc_column][vc_column_text]Antonio Barani started his career when he was 23 in Dubai, swapping oil for a big hedge fund of Imar Properties group. At the end of 2009 he moved to Montecarlo, where he opened the trading oil company Ankor Energy group with Mike Powers (an American citizen close to Prince Alberto II of Monaco) and…

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Eviva’s crisis: from an undiscovered document emerges what happened to Vekselberg’s company

Eviva has reached the threshold of voluntary liquidation with a huge net loss and a negative equity of tens of million euros. The company is based in Italy but is controlled by Russian shareholders. Its accounts have been strongly damaged by…

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Quercus awards O&M contract for its PV portfolio

[vc_row][vc_column][vc_column_text]UK based renewable infrastructure fund has awarded a O&M contract for its PV portfolio to Gildmeister energy services. Gildmeister is a subsidiray of german group DMG Mori. It will provide the O&M services for Quercus European PV portfolio of 200 MW in UK, Romania, Italy and Bulgaria. In Italy Quercus together with Swisslife owns ASI-Azienda…

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European Energy issues EUR140 million green bond

[vc_row][vc_column][vc_column_text]Copenhagen-based European Energy, very active in Italy, has closed the subscription for a new green bond of EUR 140 million at the annual rate of 5.35%. The bond, which will expire in 2024, was oversubscribed with requests for 296 EUR million. About EUR 55 million will finance new projects, while the remaining EUR 85 million……

EXCLUSIVE: Metaenergia signs an agreement with A2A to protect its customers from moving back to the safeguard market

[vc_row][vc_column][vc_column_text]The customers of the Rome-based Metaenergia will not remain in the limbo after the recent decision by E-Distribuzione (Enel Group) to terminate the electricity transport contract to the 31.400 served delivery points. In order to meet the needs of its customers, the company headed by Maurizio Molinari has signed a commercial agreement with A2A Energia……

Renewables M&A round-up first quarter 2019, very active with 258 MW changing hands

The concentration process that involved renewable energy producers in 2018 with the change of ownership of 1,155 MW continued with equal intensity in 2019. In fact, another 258 MW changed hands in the first quarter of the year

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