The Swiss energy operator Repower AG based in Graubünden through its Italian branch, Repower Italia, and a leading European fund, launch a joint venture, Repower Renewable, aimed at managing the portfolio assets and at developing new generation projects in the renewable energy sector. Repower Renewable's portfolio is made up of hydro, solar and wind assets for a total capacity of about 90 MWe. All the assets and the future activities of the new company "Repower Renewable" will be based in the Italian market. The overall value of the portfolio is around 100 million. The establishment of Repower Renewable follows the latest market trends which indicate a general recovery of the renewable business in Italy and is consistent with Repower's strategic objectives aiming at having 100 per cent of its own production to be generated from renewable sources.
Fabio Bocchiola, Italy country manager at Repower: "Repower Renewable represents a key element of the growth strategy in green energy production and confirms Repower's interest in the Italian market."
Further details of the operation will be released by mid of December 2018.
About Repower
Repower is a sales and service company operating in the energy business, with over 100 years of experience. Its key markets are Switzerland (including the origination business in Germany) and Italy. Repower's head office is in Poschiavo (Graubünden, Switzerland), and it has additional offices in Switzerland (Bever, Ilanz, Küblis, Landquart and Zurich) and Italy (Milan). The group operates along the entire electricity value chain, from generation and trading to distribution and sales, and in the gas business. It also develops intelligent systems to help make the energy transition happen. Repower draws on its deep energy expertise to offer its services to other customers and deliver contracts for third parties. The Repower Group employs almost 600 people. Added to this are around 30 apprentices in Switzerland and almost 600 sales consultants in Italy.
Contacts
Kurt Bobst
CEO
T +41 81 839 7111
M +41 79 221 4655
kurt.bobst@repower.com
Head of External Relations Italy
T +39 02 764 56632
M +39 331 607 3775
davide.damiani@repower.com
Thomas Grond
Head of Media Relations
T +41 81 423 7700
M +41 79 817 7772
thomas.grond@repower.com
