Tuesday, January 31 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Juwi takes controlling stake in Italian solar developer GEMdev

    December 5, 2022 - SeeNews Renewables


      December 5 (Renewables Now) - German renewables developer Juwi AG said today it has acquired a majority stake in Italy-based GEMdev SrL, a green field solar developer targeting to build a project pipeline of 700 MW in the next five years.

      Juwi Energie Rinnovabili Srl has become the owner of 70% of GEMdev’s stock in a deal that aligns with its parent’s plan to grow its business and further expand its solar portfolio in the Mediterranean country. The value of the purchase was not disclosed.

      Milan-based GEMdev is focused on the development of conventional solar and agrivoltaic projects in the North of Italy.

      “The Italian PV-market is probably one of the most exciting and promising markets in Europe right now as it offers many business opportunities from private PPAs to direct-wire offtakes,” said Daniele Moriconi, managing director of Juwi Energie Rinnovabili.

      Since its market entry in Italy in 2007, Juwi has implemented more than 85 MW of renewable energy projects in Italy and has a pipeline of projects totalling roughly 350 MW. The company also operates over 30 MW of assets for third parties.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.