7.10.2015

Joint Venture in Italy

W.E.B has been operating “only” two large photovoltaic power plants in Italy. That is about to change! The new joint venture agreement with FERA (Fabbrica Energie Rinnovabili Alternative Srl; see picture) is the official starting signal for W.E.B’s market entry in the Italian wind industry.

W.E.B lawyer Stefanie Markut helped to create major parts of the agreement and describes the cooperation partner as follows, “We have found an experienced local wind project partner in FERA – after rather extensive negotiations, we hope to realize the first successful cooperation project of our new joint venture.”     

The 50-50 joint venture is the result of W.E.B’s ambitions to participate in a project in Piombino, about 150 km from Florence. As Italy CEO Bernd Brantner comments, “Together we will participate in a bidding process for a project including six V126 Vestas plants with a total capacity of almost 20 MW.” Italy CEO Markus Haidl adds, “After Canada, this will be the first time for W.E.B to gain experience in tariff-based bidding processes in Europe.” The bid is likely to be accepted in the first half of 2016.