Italian market: innogy acquires onshore wind farm
> Deliceto wind farm is under full operation
> Acquisition fits innogy’s growth strategy
innogy SE is delivering on its renewables expansion strategy also for the Italian market: The Germany based energy company innogy and the Italian developer Imprese e Sviluppo have signed an agreement to acquire all shares in the Deliceto onshore wind farm. The 23 megawatts (MW) project based in the Apulia region has been in operation since January 2013 and consists of 10 Enercon wind turbines with an installed capacity of 2.3 MW each. The wind farm has been awarded with a 15 year incentive scheme based on the former Green Certificates System. All parties have agreed to maintain confidentiality regarding the purchase price.
Italy is one of our European core markets for wind energy. Here, we operate already three wind farms and have an office in Milan. Since Italy is continuing its commitment to expand renewables and our business is delivering solid and stable results we plan to grow further in this market. Deliceto wind farm is an important step for valuable growth. This fits perfectly in our strategy to grow besides new markets also in our core regions. Thus, we do not put all eggs in one basket: Being active in various markets means a diversified portfolio providing a well-balanced meteorological and regulatory position.
Deliceto wind farm is located between the company’s wind farms Ururi and Anzi and will be operated by the existing organisation of innogy Italia, which has now an installed wind capacity of 90 MW. The new operating wind farm will benefit from the local established structures of asset management, business development, finance and general services.
We are very pleased to add Wind Farm Deliceto to our Italian portfolio. This acquisition is a great opportunity for exploiting geographical and operational synergies with our fleet and will immediately add value to our business: Deliceto wind farm will benefit from the capabilities of our regional Operation & Maintenance team. We see favourable market conditions for growing further in the Italian market: Within the upcoming years, we plan to acquire also wind farms which are under development. We are open to cooperation models to successfully realise projects together. This approach has already proven very successful at innogy.
innogy has considerable experience in developing, designing, financing, constructing and operating renewables assets both independently and together with project partners and investors. In addition to looking for growth opportunities in the established European core markets innogy is looking for new value-accretive growth options in new markets (e.g. North America) – also for offshore wind and solar.