TERNIENERGIA strengthened the energy saving sector, by focusing on industry through its subsidiary Lucos

TERNIENERGIA strengthened  the energy saving sector, by focusing on industry  through its subsidiary Lucos

TerniEnergia S.p.A., a company listed on  Star  Segment of Borsa Italiana, Lucos Alternative Energies S.p.A., active in the Energy Services, and VentoNovo Energie S.r.l. with Sole shareholder, is an  industrial company active in providing  integrated and innovative energy services and  in the field of renewable energy sources, have signed an agreement to transfer from  Lucos  to VentoNovo   the entire representative share of 50% of the share capital belonging to the JV EnerFlus. The agreement also foresees the possibility of future collaboration for the project development  in the field of renewable energy and strategic advisory supply by  VentoNovo Energie  to TerniEnergia in the energy efficiency sector in Italy.
Notably, the parties have completed the transfer of  participation equal to  50% of share capital of EnerFlus to VentoNovo Energie S.r.l., and the price for sale and purchase of this participation   – conventionally determined by the parties in the total amount of € 1.625 million – has been fully paid cash by VentoNovo Energie. EnerFlus is active in the management of the Energy Efficiency Certificates (TEE) arising from the requests for verification and certification of energy savings in the residential sector approved by the Authority for Electricity and Gas (AEEG).
At the same time, a settlement agreement has been  signed by Lucos and its members on one side , and Antonio C. Vertucci, as the  founder and partner of  EnerFlus  and by Enerflus itself, on the other side, to define  relationship  arising from the management of the joint venture EnerFlus S.r.l..
TerniEnergia, Lucos Alternative Energies and its partners were assisted by Francesca Ricci as legal advisor, and VentoNovo Energie and Antonio C. Vertucci by the law firm Gianni, Origoni, Grippo, Cappelli & Partners  (Lawyer Alfredo D’Aniello)
 
Stefano Neri, Chairman and CEO of Terni Energia said:
“With the closing of this transaction, completed to the full satisfaction of the parties, we provide to Lucos Alternative Energies, even after the framework agreement signed with Cofely belonging to the French group GDF Suez, the conditions  to operate in a more focused manner in its core business of energy efficiency of industrial scale. Although Lucos considered the management of the previous Enerflus participation fully satisfactory, the signed agreement  will enable us to collect financial resources for investment and development projects in new areas. We confirm, therefore the Group’s desire to gain a leadership position in Italy in the energy efficiency segment through a business model aligned to the main directives of the European environmental policy”.
 
Antonio Carmine Vertucci, founder and Administrator of  VentoNovo company said: 
“The acquisition of the remaining 50% of EnerFlus share capital  through VentoNovo Energie represents a further significant step towards VentoNovo | energy in motion bisiness initiative  that I started in 2005. EnerFlus, in fact, it is  not only the first energy services company founded by myself, but long ago one of the leading independent operators active in the market for white certificates. The simplification of governance and the value of its assets through the expertise of VentoNovo Energie, will help  to support more strongly the path of excellent performance of both companies, and will speed up the achievement of our ambitious goals for growth and leadership in innovative integrated energy services. I am glad that, TerniEnergia, also  through the reached  agreement, has recognized the distinctive value of our skills and knowledge in the field of renewable energy and energy efficiency”.