Italgen Espande con Acquisizione in Val Brembana

Italgen, a green energy company under the control of the Italmobiliare holding company owned by the Pesenti family, has acquired 100% of Alben, a company that owns two hydroelectric plants in Val Brembana. These facilities have an installed generation capacity of 4 megawatts and an expected annual production of 10 gigawatt hours, adequate to meet the energy needs of 3,700 families. These plants, operational since 2007, are located in the municipality of Valleve, near Bergamo, Italy. The seller, Idra, is a firm controlled by the Bianchi family, active in real estate and tourism, based in Brescia. A long-term Power Purchase Agreement (PPA) has been signed, facilitating Idra's access to 100% green energy, thereby helping to reduce the carbon footprint of the Costa Verde Natura tourist village in Clusane, by Lake Iseo. Italgen, which holds multiple hydroelectric concessions and photovoltaic plants, increases its total installed capacity to 87 megawatts and its annual production to 325 gigawatt hours. The legal aspect of the transaction saw Idra advised by Studio Colosio & Partners for fiscal matters and Studio Legale BLF for legal aspects, while Italgen was assisted by Studio Nunziante Magrone with Cross Border advising financially through Luca De Gennaro. This acquisition represents Italgen's sixth purchase in four years, marking significant growth in renewable energy and strengthening its strategic presence in Bergamo, a region closely linked to the company's industrial history, as noted by Italgen’s CEO Luca Musicco.