Fontavis, GR Value partners for 330 mw+ renewables investment in Italy

Switzerland based asset manager Fontavis partners with GR Value for 330 MW+ wind and photovoltaic (PV) energy generation in Italy. 

As part of the partnership, Fontavis will co-invest into a 15 MW operational PV portfolio supported by the Italian state tariff.

The companies said in a statement that the collaboration between them contributes to the fulfilment of the ambitious targets of Italy’s energy transition.

“The transaction marks a next step in Fontavis’ history and substantially increases the footprint in Italy. Clients are benefitting from an increased diversification of their investment portfolio, both in terms of investing countries and technologies”, said Dr. Marc Schürch, Head of International Investments at Fontavis, in a statement.

GR Value said they will provide technical and administrative services during the construction and operational phase; meanwhile, Fontavis  will be handling the management, financing and hedging of the projects. 

 “GR Value’s strategic view of becoming a key player in the Italian energy transition moved a significant step forward with this joint venture with Foantavis allowing to improve the speed of company growth”, said Gianluca Veneroni, CEO GR Value in a statement.