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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Eni, the inquiry into the business in Congo that gets Eni’s Ceo Descalzi in trouble

Powernews01 mins

[vc_row][vc_column][vc_column_text]Eni’s Ceo Claudio Descalzi is facing tough times.  His position is increasingly at risk after the judicial investigation into alleged bribes between Italy and Congo Brazzaville. Protection from Lega and the adoption of a protective attitude towards him by Prime Minister Giuseppe Conte play in his favor. We must wait to see what will happen…

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European Energy issues EUR140 million green bond

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[vc_row][vc_column][vc_column_text]Copenhagen-based European Energy, very active in Italy, has closed the subscription for a new green bond of EUR 140 million at the annual rate of 5.35%. The bond, which will expire in 2024, was oversubscribed with requests for 296 EUR million. About EUR 55 million will finance new projects, while the remaining EUR 85 million…

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Giorgio Lonardi strenghts Powernews team

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[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…

Gas reverse flow Italy-France

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[vc_row][vc_column][vc_column_text]Snam Rete Gas and grtgaz have communicated that physical reverse flow Italy to France via Switzerland is supposed to start on 1st June 2018. grtgaz is offering 200 GWh/day (100 GWh/day on firm basis and 100 GWh/day on interruptible basis) entry capacity in Oltingue. Snam Rete Gas is marketing 54 GWh/day Exit Capacity Passo Gries…

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Five banks refinance ContourGlobal solar portfolio

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[vc_row][vc_column][vc_column_text]The American giant of renewable ContourGlobal (USD 1.253 billion in revenues in 2018) has selected five banks to refinance its photovoltaic portfolio in Italy (18 plants for a total of 65 MW). These are Ubi Banca, Société Générale, Crédit Agricole, BayernLb and Bnp Paribas. The refinancing relates to a debt of 257 million dollars. The…

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MEDREG Outlook report of the gas infrastructure in the Mediterranean region

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[vc_row][vc_column][vc_column_text]MEDREG the Association of Mediterranean Energy Regulators has published the report providing an outlook of the gas infrastructure in the Mediterranean region, including interconnection points, cross border transmission pipelines, Liquefied Natural Gas (LNG) storage capacities, usage of the capacities and future investment plans across MEDREG members. Based on data collected from 14 Mediterranean countries, the…

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Po Valley sells Italy operations subsidiary to Saffron Energy

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[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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2018 Italian PV traders offtake market share

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[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…

Infragreen II subscribes EUR 30 million bond issued by Andali Energia for 36 MW wind farm in Calabria

Powernews01 mins

[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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EXCLUSIVE: A2a, Ef Solare and F2i moved to Trentino Alto Adige to avoid minimize the Irap tax

Powernews01 mins

[vc_row][vc_column][vc_column_text]It is very interesting to read the list of the companies, which have moved the legal address to Trentino Alto Adige; in many cases only to avoid paying Irap. Thousands of special purpose vehicles, which own plants all over Italy, are domiciled between Bolzano and Merano and between Trento and Rovereto. Some of them are…

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Italian wind PPA 2018. All details about owners, trader’s market share

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[vc_row][vc_column][vc_btn title=”2018 Wind PPA – Italian market” link=”url:https%3A%2F%2Fpowernews.eu%2Fwp-content%2Fuploads%2F2018%2F01%2Fwind-energy-offtake-traders-2018-market-share.pdf|||”][/vc_column][/vc_row]

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Metaenergia issues EUR 308 million bond

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[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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