Italy's Alerion Clean Power drops plans to find industrial partner for now

Alerion Clean Power

31/05/2022 17:42

MILAN, May 31 (Reuters) - Italy's Alerion Clean Power
 ARN.MI  dropped its plans to find an industrial or financial
partner for the time being, with the renewable energy firm
saying on Tuesday it was able to carry out the investments
planned for the next few years on its own. 
    The company, which announced last year it would look for a
partner to support its growth, said that higher energy prices
and an improved outlook for the development of the renewable
energy sector would create the conditions to clinch its
investment targets independently.
    This was despite "some expressions of interest from leading
international investors," it added in a statement.
    Italy's biggest regional utility A2A  A2.MI  had flagged in
February its interest in acquiring a majority stake in Alerion.
 urn:newsml:reuters.com:*:nL8N2UK627
    Alerion also raised its 2022 core profit guidance to about
260 million euros ($279 million) from the previous 236 million,
citing the start-up of new wind and photovoltaic plants, among
other factors.
 ($1 = 0.9321 euros)

 (Reporting by Federico Maccioni, editing by Keith Weir)
 ((Federico.maccioni@thomsonreuters.com; +39 3420768883;))