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Enel X and Infracapital Expand Cogenio Energy Services Platform

Power News - Published on Tue, 14 Jan 2020

Image Source: Cogenio Energy
The Enel Group, through its advanced energy services business line Enel X, and European investment fund Infracapital, one of Europe’s leading Infrastructure investors, have signed an agreement to expand their “Cogenio" distributed generation and energy efficiency joint venture, through a new company operating throughout Spain. The Cogenio platform, launched in Italy in December 2018, is 20%-held by Enel X and 80%-held by Infracapital. Within the joint venture, Enel X is in charge of operating existing assets and of developing new projects, on grounds of its technology and market expertise.

The start of operations of the new Spanish company envisages that, by April 2020:

The Enel Group will contribute to the new company around 200 distributed photovoltaic (PV) generation, cogeneration, tri-generation and energy efficiency projects for C&I customers in Spain, with some projects also operating in France and Portugal;
Enel X will own 20% of the company and, through its Spanish arm Endesa X, operate assets as well as develop new projects within the Cogenio platform;
Infracapital will own 80% of the company and fund its growth;
Cogenio, through the new Spanish company, will reach an overall portfolio of over 220 projects in the four countries.

Source :

Posted By : Arun Huidrom on Tue, 14 Jan 2020
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