Whitehelm and Gruppo Fratelli Visconti have partnered to develop a sustainable-energy solution in Italy.
The companies will support the growth of Ecotermica Serviz (ETS), an Italian developer, owner and operator of cogeneration and district heating networks. ETS’ operations include a portfolio of five cogeneration plants connected to district heating networks located in the municipalities of Banchette, Biella, Costigliole di Saluzzo, Ivrea and Prè-Saint-Didier, a trigeneration plant located in Moncalieri, and a joint venture alongside Edison in a recently commissioned network in the Municiplaity of Cirié.
Investors managed by Whitehelm have taken a 45 percent stake in the company, alongside existing shareholder Gruppo Fratelli Visconti. The transaction provides ETS with a stable shareholding group and financial flexibility to continue developing long-term, environmentally friendly energy solutions in Italy and to take advantage of future business opportunities.