Headlines

May 2019

Five banks refinance ContourGlobal solar portfolio

Powernews01 mins

[vc_row][vc_column][vc_column_text]The American giant of renewable ContourGlobal (USD 1.253 billion in revenues in 2018) has selected five banks to refinance its photovoltaic portfolio in Italy (18 plants for a total of 65 MW). These are Ubi Banca, Société Générale, Crédit Agricole, BayernLb and Bnp Paribas. The refinancing relates to a debt of 257 million dollars. The…

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Green light for a new 20 MW photovoltaic project in Basilicata

Powernews01 mins

[vc_row][vc_column][vc_column_text]Basilicata Region has given the green light to the construction of a new photovoltaic plant. The authorization for a 19.9 MW solar plant in the municipality of Ferrandina, in the province of Matera, was granted to Fergas Solar. The plant will occupy 50 hectares of land worth EUR 5 million. The connection works to the…

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US company buys 5.1 MW and doubles its Italian PV portfolio

Powernews01 mins

[vc_row][vc_column][vc_column_text]Chinese conglomerate, Risen, listed on the Shenzen stock exchange, producer of photovoltaic panels, has sold to US-based Alternus Energy five vehicle companies owning seven photovoltaic plants in Italy for a total of 5.1 MW installed capacity. After this operation, Risen’s Italian portfolio drops to 18 MW. With this acquisition the Italian PV portfolio reaches 10…

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Edisun Power Europe places five-years bond

Powernews01 mins

[vc_row][vc_column][vc_column_text]Zurich-based Edisun Power Europe listed on the Zurich Stock Exchange and active since 1997 in the photovoltaic sector, announced the issuance of a 5 million Swiss franc bond loan, equivalent to EUR 4.4 million, to finance the construction of new plants. The bond will pay a 2% coupon which replaces another CHF 5 million 10-year…

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Cubico buys 26.4 MW PV portfolio

Powernews01 mins

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

Powernews01 mins

[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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Arjun, unveiled the locations and SPVs which will enter into the Italian solar market

Powernews01 mins

[vc_row][vc_column][vc_column_text]On March 27th, 2019 Arjun Infrastructure Partners, led by CEO Surinder Toor, has registered 28 London-based special purposes vehicle companies to enter the Italian photovoltaic market. As Powernews wrote on May 9th 2019, each of these companies reported the name the location where the plants will be located. Two weeks later, Arjun’s management has rethought…

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EXCLUSIVE English fund manager focuses on the Italian solar market: names and locations of the 28 vehicle companies

Powernews01 mins

[vc_row][vc_column][vc_column_text]A London-based management company that invests in the infrastructure sector, Arjun Infrastructure Partners, is planning to enter in the Italian solar market through its controlled subsidiary Enviromena. On 27 March 2019 Enviromena registered 28 company vehicles in the UK, each of which bears the name of the Region and the location where the facilities will…

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Snam replies to Powernews: “We have entered into the sectors related to the gas transportation with the approval of authorities and institutions”

Powernews01 mins

With reference to the “Snam catch-all, leaves behind the bylaws entering into free energy market” article, we specify

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Italgas buy up gas concessions in Centre-South Italy and Sardinia

Powernews01 mins

[vc_row][vc_column][vc_column_text]Italgas purchase campaign doesn’t stop. In these days the group controlled 26% by Cassa depositi e prestiti (CDP) and of which Snam has a substantial stake (13.5%) has completed the acquisition from Cpl Concordia of 100% of the capital of European Gas Network (Egn ). The latter indirectly includes 37 gas distribution concessions in Sicily,…

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