News
Ubi Banca sales advisor of 8 MW photovoltaic portfolio
Ubi Banca has been engaged for the sale of eight photovoltaic plants in central Italy owned by
Edisun Power Europe places five-years bond
[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…
Cubico buys 26.4 MW PV portfolio
[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…
Edison, the representative of the savings shareholders looks the appeal of the 2018 balance sheet
[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…
Arjun, unveiled the locations and SPVs which will enter into the Italian solar market
[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…
EXCLUSIVE English fund manager focuses on the Italian solar market: names and locations of the 28 vehicle companies
[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…
Snam replies to Powernews: “We have entered into the sectors related to the gas transportation with the approval of authorities and institutions”
With reference to the “Snam catch-all, leaves behind the bylaws entering into free energy market” article, we specify
Italgas buy up gas concessions in Centre-South Italy and Sardinia
[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,…
Solar Express, the procedure to sell 4.2 MW of PV is deserted for the third time
Once again, the invitation to express interest in acquiring 100% of Solar Express, has fallen on deaf ears.
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.
PV, Danish Obton acquires 4 MW from Impax which leaves the Italian market
The investment company Obton, based in Aaarhus in Denmark, takes over the last 4 MW
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…
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…
European Energy buys 250 MW PV project in Sicily
If implemented, it will be Italy’s largest photovoltaic plant in market parity for an expected installed capacity of 250 MW. It will be built in Vizzini
Marches group won 3.5 MW PV auctioned by the Gascom Renew bankruptcy
Pv Italy Two, a limited liability company put up for auction two weeks ago by the Court of Padua, was acquired with an offer of just over