Expansion of renewable energy plants in Italy
Graubünden-based Repower AG now owns all the shares in the Italian wind, solar and hydropower company Repower Renewable. To this end, it has purchased the 35 per cent stake previously held by Omnes Capital.
The Repower Group is significantly expanding its portfolio in Italy. According to a company press release, it has acquired the 35 per cent of shares in Repower Renewable previously held by the London-based investment firm Omnes Capital since it was founded in 2018. The Poschiavo-based electricity producer, distribution system operator and energy trader has also held the remaining 65 per cent since then. This means that the Repower Group now controls 100 per cent of Repower Renewable.
This means that Repower is now the sole owner of Repower Renewable’s Italian wind, solar and hydroelectric power plants. Their total output amounts to around 120 megawatts. According to the press release, there is also a “full pipeline” of already approved power plant projects with a total capacity of a further 150 megawatts.
According to the statement, Repower’s strategy envisages the consistent expansion of its portfolio of renewable energy plants in Switzerland and Italy. The 30,000 customers in Italy to date are to be supplied entirely with certified renewable energy in the future.