Headlines

EXCLUSIVE: Metaenergia signs an agreement with A2A to protect its customers from moving back to the safeguard market

Powernews01 mins

[vc_row][vc_column][vc_column_text]The customers of the Rome-based Metaenergia will not remain in the limbo after the recent decision by E-Distribuzione (Enel Group) to terminate the electricity transport contract to the 31.400 served delivery points. In order to meet the needs of its customers, the company headed by Maurizio Molinari has signed a commercial agreement with A2A Energia…

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Quercus awards O&M contract for its PV portfolio

Powernews01 mins

[vc_row][vc_column][vc_column_text]UK based renewable infrastructure fund has awarded a O&M contract for its PV portfolio to Gildmeister energy services. Gildmeister is a subsidiray of german group DMG Mori. It will provide the O&M services for Quercus European PV portfolio of 200 MW in UK, Romania, Italy and Bulgaria. In Italy Quercus together with Swisslife owns ASI-Azienda…

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Corrected: Wind off takers 2018, the market leadership of Enel

Powernews03 mins

[vc_row][vc_column][vc_column_text]Text corrected and updated. We want apologize for any inconveniences or problems that these issues caused you The market rumours during the last months about the aggressive off-take campaign by Enel became a reality. The market results,published during the last days, bring Enel to the first rank with 1.800 MW under management. Enel has incremented…

Edison signs 20 year US LNG contract

Powernews01 mins

[vc_row][vc_column][vc_column_text]Edison and Venture Global Calcasieu Pass have entered into a LNG Sales and Purchase Agreement (SPA), concerning the purchase by Edison of 1 million tons per annum of LNG (equivalent to approximately 1.4 billion cubic meters of natural gas per year) from the Calcasieu Pass LNG export facility, currently being developed by Venture Global in…

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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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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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Etrion to unload Italian solar assets to Ultor

Powernews01 mins

Etrion has signed a definitive sale-and-purchase agreement with Ultor SpA, a joint venture owned equally by Enel Green Power SpA and Fondo Italiano per le Infrastrutture (F2i). Ultor is purchasing Etrion’s 60-megawatt Italian solar portfolio for initial cash consideration of 78 million euros and the assumption of related project-level debt of 221 million euros, with…

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Impact of Nord Stream 2 and Turkstream on the Italian gas market and the importance of TAP

Powernews02 mins

Beginning of this month in Vienna has been signed an agreement to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading for the Russian gas supplies to Austria. The current contract is valid until 2028. The Italian gas market stakeholders didn’t pay too much attention on this message.

In the last two years the European gas consumption is rising and the cold weather in Europe between end of February and beginning of March 2018 led to record daily import volumes of Gazprom at that time. Gazprom Export reported for 2nd March 2018 a daily import quantity to Europe of 713.4 million cubic metre which has never been reached before.

Why should this contract extension and in general the plans of Gazprom to bypass the Ukrainian transit route attract much more the interest of Italian stakeholders……..

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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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