16 Oct '15, 4pm

Enel Green Power forms JV firm to consolidate Italian PV power plants

Enel Green Power (EGP) has teamed with Italian asset management firm F2i (Fondo italiano per le infrastrutture) to consolidate a total of 210MW of operating PV power plants in Italy into a 50/50 joint venture. Italian-based renewable energy developer Enel Green Power (EGP) has teamed with Italian asset management firm F2i (Fondo italiano per le infrastrutture) to consolidate a total of 210MW of operating PV power plants in Italy into a 50/50 joint venture. EGP said that the deal was to enable greater value creation from the pooled plants, including reducing operating costs and future project financing costs as well as improving energy management of the plants. EGP said it would contribute through its subsidiary Altomonte FV, 105MW of PV assets, while F2i would add 105MW of PV assets via its subsidiary, F2i Solare. The transaction is expected to be completed by the end of 2...

Full article: http://www.pv-tech.org/news/enel_green_power_forms_jv_fir...

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