Energy can be obtained from the wind and the sun but also from the Valpolicella and the soave in Veneto or from the primitivo and negroamaro in Puglia: from the waste of agricultural processes, such as pomace and lees, it is possible to obtain methane or electricity.
For this reason the Belenergia he leaves Luxembourg and moves to Italy, where there is not only the sun for wind power but also grape seeds and all other raw materials useful for obtaining renewable energy, the one that does not make use of fossil sources extracted from deposits and mines.
From finance to industry
The company was a typical investment fund specializing in green energy, like there are others; and still today it is an investor aimed at renewable sources, with an investment of between 300-400 million every couple of years. But little by little it has shifted its economic axis and, consequently, its territorial axis. Having made the investments, he began to manage the results, and that is, he began to produce. To do industry.
«Luxembourg is safer from a legal point of view, it has constant and consolidated company regulations, with no surprises. It is an ideal location for those with a focus on finance and investment funds, ”warns Jacques-Edouard Lévy, French CEO. «But now Belenergia is more and more an industrial group, and to do industry you have to go close to the market. And for the world of renewables, the market is here, in Italy ».
The power of wind and photovoltaics
The legal and financial headquarters moved to Milan to get closer to the center of gravity of the business, with investments and plants in Italy, Greece, Spain and France. The company currently has 102 megawatts of plants in operation, of which 60 wind, 26 photovoltaic and 16 megawatts with biomass.
“We want to have direct control of the production factors,” adds Lévy.