BKW AG purchases five Italian small hydropower projects


Swiss utility BKW AG has purchased five small hydropower projects from Italian energy supplier A2A, further strengthening its commitment to hydroelectricity, BKW said.

The projects have a cumulative installed capacity of about 10 MW and are located in Italy's northern Lombardy province.

BKW said the acquisition is valued at US$49.2 million, though A2A might gain an addition $2 million depending on certain conditions included in the purchase agreement.

A2A said the divestment is part of its plan to "optimize its industrial portfolio and reduce debt."

BKW has operated eight run-of-river projects in the Lombardy that have a combined output capacity of 42 MW, while another five in Aosta Valley have a cumulative capacity of 8 MW.

For more business news, visit here.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs