PV, Australian managed company with 2.3 MW goes bankrupt

A new financial disarray rekindles the spotlight on the risks faced by renewables. And it stimulates the interest of international funds looking for opportunities on the Italian secondary market.

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Eni, the inquiry into the business in Congo that gets Eni’s Ceo Descalzi in trouble

[vc_row][vc_column][vc_column_text]Eni’s Ceo Claudio Descalzi is facing tough times.  His position is increasingly at risk after the judicial investigation into alleged bribes between Italy and Congo Brazzaville. Protection from Lega and the adoption of a protective attitude towards him by Prime Minister Giuseppe Conte play in his favor. We must wait to see what will happen…

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Aveleos, fraud against GSE, here the names of the convicted managers

[vc_row][vc_column][vc_column_text]Fraud against the GSE (Gestore Servizi Energetici) , and therefore fraud against the Italian State. Also, for this crime on 18th April two top managers of the Aveleos group, namely Ivan Akhmerov and Marco Giorgi, were sentenced in the first instance by the Court of Milan to 4 years and 6 months and 3 years…

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Criminal sentence for Aveleos managers, Eam Solar wins the fraud case

[vc_row][vc_column][vc_column_text]The criminal court of Milan yesterday has condemned in the first instance two managers of the Aveleos group Marco Giorgi and Igor Akhmerov for fraud against the Italian state (in this case it is the GSE, gestore Servizi Energetici) and criminal contractual fraud against the Norwegian group Eam Solar Asa listed on the Oslo Stock…

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PV market parity, more than 1300 MW projects and the PPA open issue

[vc_row][vc_column][vc_column_text]The renewable energy market is really hot right now, especially in the PV sector in Sicily, Apulia and Lazio. Since 571 MW January of PV plants have already been authorized in these three regions, respectively 298 MW in Sicily, 150 in Lazio and 123 in Apulia. 770 MW of PV plants (700 MW in Lazio…

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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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Avelar wins the arbitration award but Eam Solar waits for the criminal judgment

[vc_row][vc_column][vc_column_text]New episode of the fight between Norway-based Eam Solar company and Aveleos, a joint venture between Luxembourg-based Enovos and the Swiss Avelar Energy, which is controlled by the Russian giant Renova, related to the oligarch Viktor Vekselberg. This time Aveleos won in the civil case but it’s not a K.O. It all started, as Powernews…

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Infragreen II subscribes EUR 30 million bond issued by Andali Energia for 36 MW wind farm in Calabria

[vc_row][vc_column][vc_column_text] Fct Nouvelles Energies has subscribed EUR 30 million senior secured bond loan issued by Andali Energia for the construction of a 36 MW wind farm in Andali in the province of Catanzaro. Fct Nouvelle Energies is a sub-fund of the French private debt fund Infragreen II, managed by RGreen Invest (which in the meantime…

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Wood Group after the divestment of 2018 acquires authorizations for new plants

[vc_row][vc_column][vc_column_text]With one hand sells and with the other buys. Wood Group, since 2017 owner of Amc Foster Wheleer , seemed to have launched a disposal policy. As Powernews wrote, the British company that also operates in renewables had sold its 50% of Voreas (wind) to Icq Holding in August 2018 and in December of the…

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Repower Renewable, refinanced four PV plants in Puglia

[vc_row][vc_column][vc_column_text]Ese Salento is a wholly owned subsidiary of Repower Renewable which owns the photovoltaic power plant installed on the land of the University of Salento in Lecce, the first example of public-private cooperation in the renewable energy sector. Ese has just obtained from Banco Bpm (Repower Renewable house bank for Italy) a loan of EUR…

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