Enel Green Power and F2i to establish joint venture in Italy

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The new venture already has 207MW of installed generation capacity. Image: Enel Green Power

Enel Green Power and F2i SGR S.p.A — acting on behalf of F2i — have reached an agreement that will see the two companies form an equal joint venture in Italy.

The venture, which strives to become a top PV market leader in Italy, already boasts an installed generation capacity of 207MW — made up of 102MW bought by Enel Green Power and 105MW from F2i. The new undertaking will cut Enel Green Power’s net financial debt by around US$131.2 million.

Enel Green Power has already transferred Italian assets to the venture, which has also incorporated businesses from F2i Solare 1 S.r.l. and F2i Solare 3 S.r.l.

Read Next

PV Tech Premium
July 14, 2021
Reforms in energy policy since the election of Andrés Manuel López Obrador have led to increased uncertainty for solar developers in Mexico, with renewables auctions cancelled and changes to power dispatch priorities proposed. Alice Grundy looks at how the market can move forward once again.
July 13, 2021
Enel Green Power has bolstered its position in the US solar and energy storage markets by acquiring a 3.2GWdc portfolio of solar and solar-storage projects.
May 13, 2021
The solar module manufacturing subsidiary of Italian utility Enel is aiming to scale up annual production capacity to 3GW in the second half of 2023, the company has confirmed.
April 23, 2021
Solar services provider Greencells has formed a joint venture with Italian developer Renewable Consulting to develop a 350MWp solar project portfolio in Pugila.
April 21, 2021
International renewables developers are rushing to secure projects in Brazil before the government takes away subsidies for new solar and wind farm installations next year.
February 10, 2021
Enel Green Power has begun a new programme to explore how to successfully integrate arable and pastoral farming activities alongside large-scale solar PV projects.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021