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Altea Green Power Signed an Agreement with LevelTen Energy Provider of M&A Software Solutions in the Renewable Energy Sector

LevelTen News
June 13, 2023

Altea Green Power ("Altea" or "the Company"), a company engaged in the development and construction of environmentally-friendly power generation plants and as a "service integrator" for all-round assistance during all the stages of the construction and management of green plants, announces the signing of an agreement to sell 2 GW of storage solutions in Italy on the international LevelTen Energy Platform.

In the words of Giovanni Di Pascale, CEO of Altea Green Power: “We are delighted to have signed this agreement, which allows us to expand our business opportunities, following a model that may not yet be common in Italy, but is widely recognized and embraced overseas. The process of selling our 2 GW storage projects starts in these very days on LevelTen Energy's platform. Over the next month, we will be accepting all the offers from interested parties and aim to conclude the sale by 2023. Storage, an area where we boast solid know-how, is a pivotal technology for the future of renewable energy and the ongoing energy transition. It enables constant access to clean, renewable energy, serving as a practical, structural solution to alleviate price volatility and prevent issues of grid congestion and overload”.

 The projects made available by Altea Green Power on the LevelTen Asset Marketplace were designed in association with the Milan-based independent consulting firm Elemens, which specializes in the analysis and development of energy market scenarios.

 “We are very happy to be collaborating with such a reputable developer as Altea Green Power. Their portfolio of storage projects, which will soon be available on the LevelTen Asset Marketplace, will deliver storage capacity that is essential for the clean energy transition” - said Flemming Sørensen, Vice President - Europe, LevelTen Energy - “LevelTen’s mission is to accelerate the transactions that are critical to clean energy deployment, and we look forward to helping Altea quickly find the best partner for their portfolio of assets.”

About Altea Green Power

AlteaGreen Power is a company active in the development and construction of energy production plants that respect the environment and as a "service integrator", addressing its know-how and skills to individuals, companies, institutions and investors who want complete assistance during all phases of construction and management for a vast range of plant types, in particular in the photovoltaic, wind and BESS Storage sectors, thus contributing to the reduction of pollution.

Born in 2008 by the will of Giovanni Di Pascale, with the name of Altea Energia, in October 2021 it changed its name to AlteaGreen Power and today it can boast the turnkey supply of numerous photovoltaic and wind power plants and throughout the territory Italian. Its current core business is co-development in the wind, photovoltaic and storage fields. To date, it has contracted over 1.5 GW of photovoltaic and wind projects and approximately 0.5 GW of BESS Storage projects. Its customers are some of the major players in the world.


LevelTen Energy

LevelTen Energy is the leading provider of renewable transaction infrastructure, delivering the marketplaces, software, automated analytics, and expertise required to accelerate clean energy transactions. The LevelTen Platform is the world’s largest online hub for renewable energy buyers, sellers, advisors, asset owners and financiers. The Platform includes the LevelTen Energy Marketplace, which delivers access to more than 4,500 power purchase agreement price offers spanning 28 countries in North America and Europe. It also includes the LevelTen Asset Marketplace, which brings together over 800 renewable energy project developers and owners, and delivers the online tools and expertise they need to buy, sell and finance assets quickly. Together, LevelTen and its partners share #OneGoal to accelerate the energy transition.

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