Headlines

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

Powernews01 mins

[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

Powernews01 mins

[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

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[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

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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

Powernews01 mins

[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

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[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

Powernews01 mins

[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

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[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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Swiss private equity group is looking to divest its Italian PV portfolio

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[vc_row][vc_column][vc_column_text]The rumours in the international financial circle circulate insistently. The Swiss private equity giant Partners Group, with 83 billion dollars assets under management, is evaluating the sale of its Italian PV portfolio of 26.5-megawatt. The plants being phased out are under the wholly owned Partners Group Solis, a Luxembourg-based vehicle, were built between 2010 and…

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PV, Chinese group enters in Forvei II’s capital

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[vc_row][vc_column][vc_column_text]Hong-Kong-based New World Development Company is the new partner of Forvei II – the special purpose vehicle established in June 2018 by Vei Green (owned by Palladio Finanziaria) and by the UK infrastructure fund Foresight. Forvei II has been created after the disposal of a PV portfolio of 89 MW owned Forvei I acquired by…

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Ankorgaz, the first bio-LNG plant. The capital will be open to a strategic partner

Powernews01 mins

[vc_row][vc_column][vc_column_text]Antonio Barani started his career when he was 23 in Dubai, swapping oil for a big hedge fund of Imar Properties group. At the end of 2009 he moved to Montecarlo, where he opened the trading oil company Ankor Energy group with Mike Powers (an American citizen close to Prince Alberto II of Monaco) and…

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