EDF on the point to vend Edison wind assets to F2i

05/06/2014 00:37 Renewable


France's EDF intends to sell a 70 percent stake in Italian unit Edison's wind farms to local infrastructure fund F2i at the end of June, as stated by two sources on Wednesday.

The domestic wind power portfolio of Italy's No. 2 utility Edison is of approximately 600 megawatts. It wants to divest a majority stake in its wind power activities to fund larger development in the renewable sector but wishes to preserve management control of the assets. Players such as F2i, British fund Terra Ferma and U.S. private equity company First Reserve have shown interest in Edison’s wind assets, put on the block last year. F2i became the favorite after the withdrawal of the competitors following the disagreement over governance issues, according to the sources. The worth of the deal which might be concluded as early as the end of June is estimated to be less than an earlier bid by Terra Firma of almost 500 million euros ($681 million).

Daily (01.03.2021): Oil prices fell on Friday amid strong U.S. dollar, concerns of stronger supply, but notched weekly gains

01/03/2021 11:10:00

Oil prices fell on Friday amid a stronger U.S. dollar and concerns that crude oil supply would rise in response to prices rebounding above pre-pandemic levels. Hence, Brent crude declined by 75 cents, or 1.1%, to settle at $66.13 a barrel. Meanwhile, U.S. WTI crude settled $2.03, or 3.2%, lower at $61.50 per barrel. However, on a weekly basis, Brent surged by 5.1%, while WTI soared by 3.8% and both hiked by 20% in February on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination rollout.


Germany receives 200 hydrogen project applications in IPCEI call

01/03/2021 08:39:00

Germany's energy ministry has received around 200 hydrogen project proposals seeking funding under the Important Projects of Common European Interest (IPCEI) program, it said Feb. 25.


Netherlands built Europe’s biggest wind capacity in 2020

01/03/2021 08:32:00

The Netherlands has topped the list of countries with the highest wind capacity installed in 2020.