Power implied volatility report for France and Germany goes live

[vc_row][vc_column][vc_column_text]Powernews is glad to announce the launch of an exclusive weekly newsletter which unveils the not so readily available electricity option market. The main coverage is given for the most liquid markets: Germany and France. The subscription period is open please click here to get 1 week free trial. Only 299€ for 6 months. [/vc_column_text][/vc_column][/vc_row]

Green light for a new 20 MW photovoltaic project in Basilicata

[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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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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Gazprom strengthens Eviva’s presence with two board members

[vc_row][vc_column][vc_column_text]The Russian gas giant Gazprom has strengthened in its presence in the Eviva board. Chairman of the board of the gas and power trading company based in Milan was appointed Iakov Tesis, who is also a director of Geogastock, a wholly-owned subsidiary of Eviva, engaged in the reconversion of the former Eni gas field in…

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Sorgenia on sale, the profit from the dispatching services increases the attractiveness

Corre voce che le banche azioniste di Sorgenia – 3mila MW di potenza installata e oltre 250mila clienti – non abbiano ancora deciso se mettere in vendita la società, passando all’incasso, o se tenerla ancora per un po’, puntando su un ulteriore azione di crescita.

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Giorgio Lonardi strenghts Powernews team

[vc_row][vc_column][vc_column_text]Powernews.eu further strengths the team with Giorgio Lonardi. For decades Giorgio has been a correspondent of daily “la Repubblica” covering the energy, business strategies and technology sectors. After Giuseppe Oddo and Nicola Borzi (from August ’18), long-time journalists with a solid professional experience gained at financial daily “Sole 24 Ore”, the arrival of Lonardi confirms…

Erg and Quercus establish a JV for the Italian PV market

[vc_row][vc_column][vc_column_text]Genoa-based Erg, a renewable energy producer with 2800 MW across Europe and Quercus Assets Selection, a European fund focused on investments in renewable sources with over Euro 350 million of assets under management, have signed an agreement for the creation of a NewCo, ERG Q Solar1. The joint venture will be based in Genoa under…

Open Mind sells 5 MW PV portfolio, Next Energy among the buyers

[vc_row][vc_column][vc_column_text]The Luxembourg-based Open Mind Sicar (investment company in risk capital), which counts among its investors the insurance group Unipol Sai, concluded the sale of three special purpose vehicles, which owned a photovoltaic plants’ portfolio with a total installed capacity of 5 MW. One of the aforementioned special purpose vehicles is Solar Pesaro 2, owner of…

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Antitrust fines Eur 109 million to Enel and Acea for market abuse

[vc_row][vc_column][vc_column_text] At the end of an investigation for market abuse, the Italian antitrust authority imposed a EUR 93 million fine to Enel and EUR 16 million to Rome-based Acea. The authority hasn’t gathered sufficient and adequate evidence for a sanction against Milan utility A2A, which has been under investigation for the same charges. The accusation…

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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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The considered PSV discount of Shah Deniz contract acquired by Edison

Last October Edison bought the customer portfolio of Gas Natural in Italy as well as the long-term contract from Shah Deniz II. Power-News.it did a commercial valuation of the contract in order to assess…………..

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PV, Chinese group enters in Forvei II’s capital

[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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