Headlines

January 2019

Metaenergia’s 2017 financial statement analysis: from the capital gains with its British parent company to the unpaid bills to Enel

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[vc_row][vc_column][vc_column_text]The financial and economic data of Metaenergia (as of 31 December 2017) – have been approved by the shareholders’ meeting with a considerable delay on October 11, 2018. The document containing these data has been filed by the company at the Rome Chamber of Commerce. On the last page of the document the Board of…

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Antitrust fines Eur 109 million to Enel and Acea for market abuse

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[vc_row][vc_column][vc_column_text] At the end of an investigation for market abuse, the Italian antitrust authority imposed a EUR 93 million fine to Enel and EUR 16 million to Rome-based Acea. The authority hasn’t gathered sufficient and adequate evidence for a sanction against Milan utility A2A, which has been under investigation for the same charges. The accusation…

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Energia Tre (Platina) invests in the revamping of its 10 MW after the acquittal by the Public Prosecutor of Brindisi.

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Milan-based special-purpose vehicle Energia Tre Srl, which holds photovoltaic assets in the province of Brindisi, has signed a million-euro contract with Eurotronica to replace the plants’ inverter. Energia Tre belongs to Platina Energy Partner fund management company, which sold in 2017most of its activities in Italy to NextEnergy Capital. Energia Tre’s plants (each with a…

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Renewable acquisitions in 2018: 1155 megawatts changed ownership. The new top ten

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[vc_row][vc_column][vc_column_text]Renewable energy production in Italy shows a strong trend towards concentration. In 2018, 1155 megawatts changed ownership: 905 MW in photovoltaic (PV) ,133 in wind energy, 115 in biomass energy and 2 in biogas energy. The acquisitions amount to hundreds of millions of Euros. Institutional investors have been the most active, the first among them…

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Eviva, all negotiations to try the rescue by leasing the company in exchange for bank guarantees

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In early October, with a capital share below the legal requirement, the management of Eviva, one of the largest company in the Italian power and gas market market, plays its last card…

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

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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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