Po Valley sells Italy operations subsidiary to Saffron Energy

[vc_row][vc_column][vc_column_text]Saffron Energy, listed on the AIM of the London Stock Exchange has acquired the Italian oil & gas portfolios of each of Sound Energy Plc, and Po Valley Energy. The transactions will be structured as a purchase of the entire issued share capital of Sound Energy Holdings Italy Ltd, and Po Valley Operations Pty Ltd….

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Metaenergia issues EUR 308 million bond

[vc_row][vc_column][vc_column_text]Rome’s based energy trader Metaenergia has issued a EUR 308 million bond. With an annual  fix yield of 8%  it will expire on 31/12/2029. The bond listed on the London Stock exchange has been issued through the financial vehicle Metaenergia Secured Finance managed by Intertrust Corporate Services. Issuer METAENERGIA SECURED FINANCE PLC ISIN code XS1734415505 Expiry…

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

[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…

Italy, electricity consumption rises 1.7% in December

[vc_row][vc_column][vc_column_text]Italy’s electricity consumption rises 1.7% in December 2017 compared to December 2016. According to Terna, the company that manages the national electricity grid, electricity demand in Italy stood at 26.9 TWh. According to the provisional data processed by Terna, Italy’s total electricity demand in 2017 amounted to 320.4 TWh which is the highest figure since…

2018 Italian PV traders offtake market share

[vc_row][vc_column][vc_column_text]Italy’s power exchanges (GME) has published the market data and we can give a detailed view about the photovoltaics off-take campaign. Edison lost 59 MW compared to the previous year and was reached by Dufenergy with 226 MW, adding 89 MW to the 2017 portfolio. Trailstone, Green Network and ENOI didn’t take any capacity. Trento’s based…

BayWa sells Italian wind stake

Munich’s based BayWa has sold its 65% stake of Alisea Srl owner of the 41.7 MW Lacedonia wind farm in the Campania region of Italy to developer Nisida, part of the De Vizia Group. The wind farm has six Vestas V110-2.0 MW and nine V126-3.3MW. The contract comprises  a 10-year full scope Active Output Management (AOM 5000) service…

Blue Elephant Energy buys 20 MW wind park in Italy

[vc_row][vc_column][vc_column_text]Hamburg’s based Blue Elephant Energy has acquired a 20 MW wind farm located in Oppido Lucano in the province of Potenza in the Basilicata region. The plant sold by Danish investment group European Energy Group, consists of 10 Vestas V110 turbines. The wind farm has been operational since early 2017. [/vc_column_text][/vc_column][/vc_row]

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Alps Energy buys Idroemilia hydro plants

Alps Energy RE Fund, which is managed by Serenissima SGR, has acquired Idroemilia, previously owned by Piacentini Costruzioni and SINLOC. Idroemilia manages a portfolio of four hydroelectric plants (two operational, one authorised, and one awaiting authorisation) having a total capacity of circa 7.5 MW. All four are located in the provinces of Reggio Emilia and…

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A2A-Novapower deal. The portfolio details

[vc_row][vc_column][vc_column_text]Milan’s based A2A through the company vehicle A2A Rinnovabili has bought from Novapower (Merloni group) 16 PV plants located in the Marche region. The portfolio with an installed capacity of 17.8 MW has an annual production of 23.4 GWh. Thanks to this operation, which follows the purchase of 18 photovoltaic plants of last September, A2A…

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Gas Natural exits Italy in €1.02B assets divestment

[vc_row][vc_column][vc_column_text]Spanish utility Gas Natural Fenosa after 13 years will sell €1.02 billion worth of Italian assets. The group has agreed to two separate sales with gas distributor 2i Rete Gas and energy group Edison, in the amounts of €727 million and €293 million, respectively. 2i Rete Gas, owned by F2i and Ardian will purchase 100%…

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Edison signs 20 year US LNG contract

[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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X-Elio divests 18.4 MW of photovoltaic plants to Azienda Solare italiana

[vc_row][vc_column][vc_column_text]Azienda Solare italiana, a joint venture between by Quercus and Swiss Life Funds (Lux) Global Infrastructure Opportunities, has acquired a solar portfolio of 6 plants located in Sicily and Apulia for a total of 18.4 MW.  The vendor is X-Elio (formerly known as Gestamp Solar) owned by KKR private equity fund. [/vc_column_text][/vc_column][/vc_row]

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Ardian buys three Italian wind farm projects

Ardian has acquired a majority stake in a holding company developing three wind farms in Italy, with the transaction closing on 28 June 2017. The private equity house declined to comment on the size of the deal, which will see it take 80% of Tolve Windfarms from PLC System, an Italian developer with permits for…

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Silver Ridge offloads Italian PV portfolio

[vc_row][vc_column][vc_column_text]Silver Ridge Power Italia, a joint venture between Riverstone and SunEdison has sold to Cubico  105.6 MW portfolio of 18 solar PV plants in the Italian regions Apulia, Lazio and Sicily Cubico has not disclosed the financial terms of the deal. The plants in the portfolio have been operational since between 2010 and 2013. They are…

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Etrion to unload Italian solar assets to Ultor

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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