The considered PSV discount of Shah Deniz contract acquired by Edison

Last October Edison bought the customer portfolio of Gas Natural in Italy as well as the long-term contract from Shah Deniz II. Power-News.it did a commercial valuation of the contract in order to assess…………..

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

[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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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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Power implied volatility report for France and Germany goes live

[vc_row][vc_column][vc_column_text]Powernews is glad to announce the launch of an exclusive weekly newsletter which unveils the not so readily available electricity option market. The main coverage is given for the most liquid markets: Germany and France. The subscription period is open please click here to get 1 week free trial. Only 299€ for 6 months. [/vc_column_text][/vc_column][/vc_row]

EXCLUSIVE Voluntary wind up for Icasco, customers are afraid

[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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BayWa sells Italian wind stake

Munich’s based BayWa has sold its 65% stake of Alisea Srl owner of the 41.7 MW Lacedonia wind farm in the Campania region of Italy to developer Nisida, part of the De Vizia Group. The wind farm has six Vestas V110-2.0 MW and nine V126-3.3MW. The contract comprises  a 10-year full scope Active Output Management (AOM 5000) service…

EOS Sicav refinances photovoltaic portfolio

[vc_row][vc_column][vc_column_text]Eos Sicav Plc managed by Abraxas Capital Management, entered into a euro 33 million project finance agreement. The project finance agreement was executed among the Italian subsidiaries Ecodelm Srl, T.S. Rinnovabili Srl, Apricus Srl, Patrimonio Solare Srl, Renewable Energy Utility Systems Srl and Mediocredito (Intesa Sanpaolo group). The portfolio has a total capacity of 28 MW…

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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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Axpo Italia hires originator

[vc_row][vc_column][vc_column_text]Axpo Italia has hired Yari Grimoldi, former Key Account Manager of Electra Italia (BKW), as originator in Genova. He is expected to join the commodities merchant in February and will report to Lorenzo Oliviero, Head of Origination, Power-News.it has learned. Prior to joining Electra Italia, he spent seven years as portfolio manager at Milan’s based…

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Sonnedix further increases its Italian portolio with 11 MW

[vc_row][vc_column][vc_column_text]Sonnedix, through Sonnedix San Giorgio continues expanding his presence in Italy through the acquisition of an 11 MW portfolio from Terni Energia. The portfolio consists of a 10 ground-mounted operating solar PV plants located in the Marche, Molise and Apulia regions. The target companies were Solter Srl owner of 4 plants with 3.76 MW and…

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Axpo duo joins CURA

[vc_row][vc_column][vc_column_text]Ravenna based C.U.RA. supply and trading arm of the local industrial association has hired two former Axpo Italia employees. Alessandra Frigato Bonello, former operations and marketing for the retail market and Giacomo Musso former commercial director will join the team of C.U.RA. Frigato Bonello left Axpo Italia last December. In the past she worked at…

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

[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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