Headlines

2018

European Energy divests 39 MW wind farm in Italy

Powernews01 mins

[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

Powernews01 mins

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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As anticipated by Powernews: Edison will compensate 15m EUR to Axpo Italia

Powernews01 mins

[vc_row][vc_column][vc_column_text]Edison was ordered, at first instance, by the Court of Milan to compensate about 15 million euros to Axpo Italia. The news is stated in the financial statement as of 30 June 2018 of the Edison group, under the item “potential liabilities related to legal disputes”, and fully confirms the exclusive news that had been…

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Tages Helios II renewable energy fund reaches EUR 120m first close

Powernews02 mins

[vc_row][vc_column][vc_column_text]Milan-based Tages Capital has attracted repeat investment from a number of Italian insurance companies for its latest renewable energy infrastructure fund. Tages Capital has secured follow-up commitments from Aviva, Posta Vita, Reale Mutua Assicurazioni and UnipolSai Assicurazioni, and Italian bank Intesa San Paolo. Its first fund, Tages Helios, raised €253m from investors to invest in…

Terna hires director of network planning

Powernews01 mins

[vc_row][vc_column][vc_column_text]Giacomo Donnini is back to Terna after ten years as a network planning director. Donnini took the role, ten days ago, previously managed by Enrico Maria Carlini (who, interimly, had been held by Luigi Michi) who took over the position of head of dispatching services previously managed by Guido Guida. Powernews had already anticipated last…

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Erg and Quercus establish a JV for the Italian PV market

Powernews02 mins

[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…

Ef Solare and the vanished deal of Fiera Milano

Powernews01 mins

[vc_row][vc_column][vc_column_text]The contrasts between the shareholders of Ef Solare – F2i and Enel Green Power, with 50% each – became public the day before yesterday after the Infrastructure Fund of which his CEO Renato Ravanelli announced the agreement to acquire Rtr from the British fund Terra Firma. For the top management of Ef Solare, which had…

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Ikav takes over 50% of a solar project in Sicily

Powernews01 mins

[vc_row][vc_column][vc_column_text]Palermo-based company Qis sold to the German fund Ikav based in Luxembourg 50% of a Special Purpose Vehicle owner of 10 megawatt solar-thermodynamic cogeneration plant project located in Sicily. The whole project is worth 34 million euro. The sole director of the company is Castrenze Campanella. Active since December 2006 with 120 thousand euros of…

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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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EOS Sicav refinances photovoltaic portfolio

Powernews01 mins

[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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