Ardian and Tozzi’s TRE Solar acquires Agritre

The investment will be used to finance the construction of Agritre's 25.2 MW capacity biomass energy plant in southern Italy, which will be fuelled by residue from cereal cultivation and olive and vine pruning.

The renewable-energy-focused joint venture vehicle, TRE Solar, was launched in 2011 with Ardian holding a 65% stake and Tozzi holding the remaining 35%.

Tozzi and Ardian also hold stakes in TRE & Partners, a holding company that invests in wind, hydro and solar projects in Italy.

Company
Agritre was established to build and operate a biomass-fuelled power plant in southern Italy.

The company has obtained authorisation to build the plant, which is scheduled for completion in April 2016.

Based in Sant'Agata di Puglia Foggia, Agritre's power plant will run on agricultural waste material from farms in the local area, resulting in a low-cost way of disposing the waste for farmers while producing sustainable energy.

People
Mathias Burghardt is the head of Ardian's infrastructure team, while Franco Tozzi is the chairman of Tozzi Group.

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• Topics
• Expansion
• Southern Europe
• Infrastructure
• Italy
• France
• Ardian (formerly Axa PE)