Read the press release in PDF format (in italian)
REDELFI EXPANDS BESS DEVELOPMENT IN ITALY WITH NEW 500 MW PIPELINE
Milan, July 18, 2024
Redelfi S.p.A. (“Redelfi” or the “Company“), a company at the head of the industrial group of the same name with operational headquarters in Genoa – engaged in the development of innovative and sustainable infrastructures to facilitate the energy transition, and listed on the Euronext Growth Milan segment of Borsa Italiana, announces that through Renueva S.p.A, an Italian-registered company indirectly controlled by Redelfi, has entered into a partnership with Infralab S.r.l. (“Infralab“) for the development of stand-alone Battery Energy Storage System (“BESS“) projects in Italy, establishing the 50/50 joint venture Ribess S.r.l. (“Ribess“).
This partnership will enable the development, over three years, of six already identified BESS projects with a total capacity of 500 MW, which will be contributed equally by both partners, who will benefit from a performance fee that will be awarded upon completion of the development of all projects, based on quantitative and qualitative criteria.
The agreement has two main purposes, firstly, to increase Redelfi’s role as a developer in the Italian BESS market through the support of Infralab’s engineering expertise; secondly, to strengthen collaboration with its partner Infralab.
Davide Sommariva, Chairman of the Board of Directors of Redelfi S.p.A. commented, “We are happy to have strengthened our partnership with Infralab, which we already know for its great technical and engineering expertise. This agreement further consolidates Redelfi’s increasingly central position as a BESS developer in Italy with the intention of pursuing its pre-established goals.”
This press release is available on website www.redelfi.com, Investor Relations section > Press releases and at www.1info.it.
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Redelfi is the parent company of the Redelfi Group active in the digital and green transition by taking a highly innovative approach to defining products, services and processes with a strong focus on adherence to ESG principles in business management. In the financial year 2023, the Group achived a Production Value of Euro 11 million and a Net Profit of Euro 3 million. The Net Financial Position is cash negative in the amount of Euro 4.8 million and the Net Equity is Euro 25 million.
Contacts:
ISSUER
Redelfi | Investor Relations Manager | Erika Padoan | investor-relations@redelfi.com | T: +39 320 7954739 | via A. Scarsellini, 119 Tower B “I Gemelli” 11 floor, 16149 Genoa
Redelfi | Media Relations | Carolina Beretta | carolina.beretta@redelfi.com | via A. Scarsellini, 119 Tower B “I Gemelli” 11 floor, 16149 Genoa
INVESTOR & FINANCIAL MEDIA RELATIONS
IR Top Consulting | Investor Relations | ir@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milan, Italy
IR Top Consulting | Media Relations | d.gentile@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milan, Italy
EURONEXT GROWTH ADVISOR
Integrae SIM | info@integraesim.it | T: +39 02 96846864 | Piazza Castello, 24 – 20121 Milan
