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Galileo sells its stake in Enviria - Finanza & Impresa to Blackrock

2024-03-05T09:06:55.887Z

Highlights: Galileo sells its stake in Enviria - Finanza & Impresa to Blackrock. BlackRock will invest through the Global Renewable Power IV fund. GalileoEnviria Solar already has a pipeline of over 1.4 Gw with projects in various stages of development and plans to add approximately 1 Gw of projects to it each year. The two companies will continue to strengthen their partnership within the Galileo En ViriaSolar joint venture. The joint venture will focus on the high-quality development of large ground-mounted photovoltaic and battery projects in Germany.


Galileo, a company that operates in the development and investments in renewable energy, has signed an agreement for the sale of its stake in Enviria, the main German provider of decentralized energy solutions in the commercial segment... (ANSA)


Galileo, a company that operates in the development and investment in renewable energy, has signed an agreement to sell its stake in Enviria, the leading German provider of decentralized energy solutions in the commercial and industrial segment, to BlackRock, which will invest through the Global Renewable Power IV fund.


    Galileo has supported Enviria as an initial investor in the company's first funding round since November 2021, placing "utmost trust in its founder, Melchior Schulze Brock, and his growing team of experts, helping to make Enviria a leading player in the energy transition in Germany", explains a statement of Galileo.


    Galileo and Enviria will continue to strengthen their partnership within the Galileo EnviriaSolar joint venture, focusing on the high-quality development of large ground-mounted photovoltaic and battery projects in Germany.

GalileoEnviria Solar already has a pipeline of over 1.4 Gw with projects in various stages of development and plans to add approximately 1 Gw of projects to it each year.


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Source: ansa

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