The projects are currently in the mid development stage, and the funding provided by Econergy will enable the finalisation of the development process led by Queequeg Renewables, as well as the construction of the plant. The plant will be completed on a truly subsidy free basis as they will not be subject to a feed-in tariff or other state incentive mechanism. Instead, they will sell their power output commercially through long-term power purchase agreements.
Queequeg Renewables and Econergy announce a joint venture for a wind project in Italy.
- Posted: 21 August 2023
- Investment Solar Energy
Today Econergy ltd, a leading European renewable energy project developer and IPP, and Queequeg Renewables ltd, an asset originator and developer active in the wind infrastructures and renewable energies, announced they have agreed a partnership to jointly develop and construct their third subsidy-free wind plant in Italy. The project has an expected rated power of 92,4 MW. The wind pipeline currently under joint development by Econergy and Queequeg now totals 278 MWp.
From the CEO
We are delighted to continue our partnership with Econergy as one of the most experienced and reliable developers in the market, said Daniele Stiglitz, co-founder of Queequeg Renewables. We are observing a massive shift from centralized electrical generation, completely subsidy-free. This is the milestone we’ve been working on for a long time.Daniele Stiglitz CEO at Queequeg Renewables
We are delighted to continue our partnership with Econergy as one of the most experienced and reliable developers in the market, said Daniele Stiglitz, co-founder of Queequeg Renewables. We are observing a massive shift from centralized electrical generation, completely subsidy-free. This is the milestone we’ve been working on for a long time.
Econergy is pleased to strengthen its venture with Queequeg Renewables. As we broaden our presence in the Italian market with this new project, we believe this a truly attractive era for renewable energy in Italy and we are happy to take a major role in it, said Eyal Podhorzer, CEO of Econergy.
Queequeg Renewables and Econergy were supported by Finergy S.r.l. as adviser on this venture.