Verbund’s Sorgenia Starts Eco-Subsidiary in Italy

Energy › Energy Source ♦ Published: July 26, 2011; 13:26 ♦ (Vindobona)

Sorgenia Green is planning to invest € 500m in geothermal energy and hydro power projects in the next five years.

Verbund’s Sorgenia Starts Eco-Subsidiary in Italy / Picture: © Vindobona.org

Verbund’s joint venture with the Italian industrial holding CIR is on growth course. The Milanese company Sorgenia, in which Verbund holds a 45% stake, has founded an eco-subsidiary with the name Sorgenia Green. Through this step the company wants to strengthen its position on the renewable energy market.

Sorgenia Green will take over the company’s wind farms in Italy,…

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