Europe/Middle East/Africa

Enel Forms JV With F2i SGR for Italian Solar Projects

Enel Green Power and F2i SGR have formed an equally-owned joint venture for solar projects in Italy.
Under the agreement, EGP will form a new company, to which it will contribute, through its subsidiary Altomonte, 105 megawatt of PV assets. F2i will in turn contribute an additional 105MW of PV assets currently held by F2i Solare 1 S.r.l. and F2i Solare 3, subsidiaries of F2i Energie Rinnovabili.

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Impax Sells 206MW of Wind Assets to ERG REnew

Impax Asset Management’s fund has signed an agreement to sell its 206-megawatt portfolio of wind projects to ERG Renew, the renewable energy subsidiary of the Italian multi-energy company ERG Group.
Financial details of the deal, scheduled to close by the end of this year, were not disclosed.
The sale is part of Impax’s planned realisation of the operating assets in accordance with its fund’s strategy. Impax has grown the portfolio by acquisitions from 2010 to 2014. The majority of the projects were constructed under the ownership of the fund. The fund continues to own a wind project development business in France which it aims to expand significantly through construction and acquisition in the coming years.

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Enviro Mission Targets Middle East for Solar Towers in JV Deal

EnviroMission has signed an agreement with Q Analytica to form a joint venture that will operate to commercialise EnviroMission’s Solar Tower renewable energy technology in the Middle East and North Africa region.
The JV will provide EnviroMission with active involvement in Solar Tower development in the region and earn for EnviroMission a capital injection of US$1.5 million from the placement of EnviroMission shares with QA, a US$3 million development rights licence fee, an annual royalty and technology fee, and equity in all entities formed by QA for Solar Tower development under the licenced development rights.

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