Below Athena presents some of the highlights of the Company’s history so far.
Athena Investments announced that the sale of some of its wind and solar assets located in Italy and Spain to Ardian Infrastructure and Glennmont Partners has been completed.
Athena has entered into an agreement with Ardian Infrastructure and Glennmont Partners for the sale of the following of Athena’s wind and solar assets in Italy and Spain: 50% ownership interest in Monte Grighine wind farm (98.9 MW), 100% of Cerveteri solar plant (8.7 MW), 100% of Nardò Caputo solar plant (9.8 MW), 100% of La Castilleja solar plant (9.8 MW), 100% of Conesa wind farm (30.0 MW), 100% of the Minerva Messina wind farm (48.3 MW).
Athena received binding offers from Ardian Infrastructure and Glennmont Partners for the acquisition of some of its wind and solar assets in Italy and Spain.
The Board of Directors elected Peter Høstgaard-Jensen as its Chairman and Sigieri Diaz della Vittoria Pallavicini was confirmed as its Deputy Chairman.
Mr. Luca Rovati and Mr. Alessandro Rovati resigned from their position respectively as Chairman and member of the Board of Directors of the Company for personal reasons.
Athena completed the transaction for the sale of its Polish wind portfolio to a private Polish investor. Following the sale of the Polish turbines, Athena no longer owns renewable energy plants in Poland.
During the AGM Mr. Sigieri Diaz della Vittoria Pallavicini and Mr. Alessandro Rovati were elected as new members to the Board of Directors.
The Board of Directors subsequently elected Luca Rovati as its Chairman and Peter Høstgaard-Jensen and Sigieri Diaz della Vittoria Pallavicini as its Deputy Chairmen.
Athena completed the transaction for the sale of its German wind farm Gehlenberg to Energiequelle. Following the sale of the German turbines, Athena no longer owns renewable energy plants in Germany.
Athena completed the transaction for the sale of its Danish wind portfolio to Wind Estate A/S. Following the sale of the Danish turbines, Athena no longer owns renewable energy plants in Denmark.
Greentech changed the company name into Athena Investments A/S and expanded the company objects.
Greentech finalized the definitive exit from the Environment division through the sale of Gruppo Zilio.
Greentech signs the definitive agreement for the acquisition of the remaining stake (50%) of La Castilleja solar plant from its coshareholder Foresight Group.
|Greentech sold its Spanish Fotocampillos solar plant (2.10 MW) to Vela Energy S.L.|
Greentech sold three of its Polish wind projects: Parnowo, Ustka and Smolęcin to a subsidiary of EDF EN POLSKA SP. Z.O.O owned by EDF Energies Nouvelles
Greentech officially filed a request for arbitration against the Kingdom of Spain pursuant the Energy Charter Treaty
Greentech officially filed a request for arbitration against the Republic of Italy pursuant the Energy Charter Treaty
Greentech sells its 50% stake of Wormlage and Tiefenthal wind plants to Nordenergie A/S.
Mr. Alessandro Reitelli was appointed as new CEO of the Group. Mr. Francesco Vittori was apponted as new CFO of the Group.
|During the AGM Mrs. Michèle Bellon is elected as new member to the Board of Directors|
During the AGM Giorgio Bruno from Pirelli and Giovanni Ferrari from Banca Intesa are elected as new members to the Board of Directors
The Company signs the Term Sheet of a majority Joint Venture (JV) agreement with Foresight Group for new investments in solar PV projects in the USA
The project financing of a 24 MW Wind Farm in Cagliari (Sardinia – Italy) is completed
The 50% stake of the Wojciechowo project is sold to PGE Energia Odnawlalna S.A.
Three new solar plants of 2 MW were acquired from Pirelli Group in the end of December bringing total installed capacity from 290 to 318 MW gross
Cagliari II project (Energia Alternativa) entered into full operation.
Alessandro Reitelli is appointed as new CFO and COO ad interim.
Signed the final agreement regarding the sale of the Monte Grighine substation to Terna (the Italian grid company) at a price of EUR 3.59M
The same prosecutor that had legally seized all the 16 turbines of the Cagliari II project for alleged administrative violations in June 2011 (see Company Announcement No 14/2011) unseized the plant completely.
The “new” Greentech is a reality with the combination of Greentech energy Systems A/S and GWM Renewable Energy S.p.A.
End 2010 - Q1 2011
- Growth through greenfield development, mergers and acquisitions of operating assets
- Technology diversification (wind, solar, hydro, biomass)
- In January 2011, Greentech announces that development of the Company’s first solar project (30 MW) in Sardinia is at an advanced stage
- Geographical expansion in other European countries
Sigieri Diaz della Vittoria Pallavicini takes over as Chief Executive Officer. Eugenio de Blasio is appointed Deputy CEO and Mark Fromholt is confirmed as CFO.
A new International Board of Directors is installed.
Italian investor GWM Renewable Energy becomes the largest shareholder in Greentech (with a shareholding of ~29%)
The two major projects in Italy: Minerva Messina and Monte Grighine with a total net capacity of 98 MW become fully operational.
Greentech establishes a strategic partnership with EDF Energies Nouvelles, an agreement which includes sale of 50 % of the Monte Grighine project.
The financing agreement concerning the Energia Verde project becomes operational.
The financing agreement concerning the Minerva Messina project becomes operational.
Greentech completes an offering of 12,000,000 shares placed with international institutional investors and raises gross proceeds of approximately DKK 1,1m (approx. EUR 150m) – the largest share issue on the OMX Nordic Exchange Copenhagen in 2007.
1 September Greentech founds a subsidiary company in Italy named Greentech Energy Systems Italia S.r.l.
Greentech launches its new website.
Completion of development and commencement of operations of the Company’s first wind energy project in Sardinia, Italy, of 21 MW.
Acquisition by way of stock consideration of VEI 1 A/S, a wind energy project developer based in Denmark.
The company name is changed to Cederholm and Voss Danmark, a company focusing on investment in real estate.
Greentech is founded as a public limited company on 3 October under the name Sydfyns Diskontobank. Sydfyns Diskontobank was a local Danish savings bank.