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    With USD 226bn, Global Renewables Funding Sets A New H1 High

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    Germany Wins EU Approval For EUR 2.98bn Green Heating Plan

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    African Nations Anticipate Increasing Fossil Fuel Output

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    2022 Will See A 3.4% Increase In Electricity Demand In APAC

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    Black Power- German Fossil Fuel Plans Encounter Obstacles

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    The Dubai DWMC Waste-To-Energy Project Begins In Q1 2023

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    Refiners Should Not Be Making Above Normal Profits- Biden

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    Cluster of Businesses Want The EU To Improve Energy Security

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    Central American Development Bank commits $800 million toward the fuel relief effort

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

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    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    With USD 226bn, Global Renewables Funding Sets A New H1 High

    With USD 226bn, Global Renewables Funding Sets A New H1 High

    Germany Wins EU Approval For EUR 2.98bn Green Heating Plan

    Germany Wins EU Approval For EUR 2.98bn Green Heating Plan

    African Nations Anticipate Increasing Fossil Fuel Output

    African Nations Anticipate Increasing Fossil Fuel Output

    EGing to invest over US$144 million in major manufacturing upgrades and relocation

    Trade Wars Cause A 55% Drop In U.S. Clean Energy Projects

    2022 Will See A 3.4% Increase In Electricity Demand In APAC

    2022 Will See A 3.4% Increase In Electricity Demand In APAC

    Black Power- German Fossil Fuel Plans Encounter Obstacles

    Black Power- German Fossil Fuel Plans Encounter Obstacles

    HANetf launches Europes first solar energy ETF

    Enphase Predicts Solar Growth As Natural Gas Costs Go Up

    Luminous Energy begins work on solar project in Australia

    Trade Wars, Lead To U.S. Clean Energy Projects Down 55%

    The Dubai DWMC Waste-To-Energy Project Begins In Q1 2023

    The Dubai DWMC Waste-To-Energy Project Begins In Q1 2023

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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Home Press Statements

Italy’s Innovatec targets EUR 100m in revenue from new solar business

in Press Statements, Solar Energy
Italy's Innovatec targets EUR 100m in revenue from new solar business

Italian utilities holding company Innovatec SpA hopes that by 2024 it will be generating a turnover of EUR 100 million (USD 102m) from a new business unit dedicated to solar photovoltaics (PV) in the business-to-business (B2B) field.

The company announced on Thursday that its board of directors has approved a programme involving the launch of a subsidiary that will be fully focused on the development of solar PV systems to serve the industrial and agricultural sectors.

Post completion of the plants, the new business unit will either sell them to third parties or produce renewable power for distribution to businesses, families and energy communities through green power supply start-up Frisbi Srl.

The latest announcement comes a day after Innovatec said it will invest in Frisbi through a reserved capital increase. Last month, it also acquired a roughly 30% stake in ESI SpA (BIT:ESI), which is active in the realisation of large-scale PV systems and the construction of rural mini-grids.

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With USD 226bn, Global Renewables Funding Sets A New H1 High

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