(Finance) – Renergetics, a company operating in the development of projects from renewable sources on the international market, owner of its own plant portfolio and active in the sale of asset management services as well as in the innovative smart-grid market, has formalized with the parent company CVA Eos as partner unique is the sale of the following special purpose vehicles: Ren 167 Srl, holder of the Single Authorization for the construction of a photovoltaic system with a power of 2.44 MW in the Province of Viterbo; Ren 170 Srl holder of the PAS authorization title for the construction of a photovoltaic system with a power of 9.99 MW, in the Province of Matera; Ren 208 Srl, holder of the PAS authorization for the construction of a photovoltaic system with a power of 5,448 MW in the Province of Catania.
“This operation not only represents a further step forward for the CVA Group towards the installation of new photovoltaic capacity to accelerate the energy transition in line with the Group’s 2023/2027 Strategic-Industrial Plan – he commented Giuseppe Argirò, President of Renergetica and CEO of the CVA Group and CVA Eos – but, thanks to the recent partnership with CVA, it also reaffirms Renergetica as a leading company in the development of renewable source systems”.
Enrico De Girolamo, CEO of Renergetica and General Director of CVA added that “the operation represents the first demonstration of the operational and financial support provided by CVA and of the industrial synergies from which Renergetica has begun to benefit, allowing it to extract important value from its “ready to build” renewable projects, through marketing mechanisms which take into account current market values, which are significantly higher than those obtainable on the basis
of Renergetica’s previous approach (of advance assignment to end customers before the conclusion of the development process and therefore still subject to uncertainties, with relative reduction in value), which were already largely positive from an income point of view”.