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FINANCIAL NEWS
Dubai’s Adenium invests in Italian solar plants
27 Jun 2012
(MENAFN) Dubai-based Adenium Solar Energy Company Limited has acquired a stake in a 29 megawatt (MW) portfolio of grid-connected operational solar plants across Italy for USD156 million, Trade Arabia reported.
The company, which is a unit of Adenium Energy Capital, said that the portfolio will be jointly managed by Adenium and Foresight, an independent specialist environmental, infrastructure and private equity investor.
The joint venture is expected to grow the portfolio in the next 12 months to a total of 100MW.
Adenium Energy Capital was launched as an investment company, specialising in the investment and deployment of clean energy and alternative energy related sectors.
Foresight manages over USD1 billion worth of assets across a number of funds. The firm has investments in the UK, Italy and Spain.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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