Tre solar becomes 3 NEW

Trinity Gate Investments, the independent private investment company, today announces the acquisition of the remaining stake in TRE Solar (35%) from Tozzi Green. With this investment, Trinity Gate Investments Infrastructure becomes the sole shareholder in TRE Solar, the renewable energy platform created in 2011 as a joint venture with Tozzi Green, the renewable energy arm of Italian industrial group Tozzi. 
TRE Solar manages a portfolio totalling 462 MW in gross capacity which includes solar, wind, hydroelectric and biomass plants located across Italy. Trinity Gate Investments acquire the full control of the portfolio’s assets in the first three technologies; only the biomass plant (25 MW), managed by Agritre and acquired by TRE Solar in October 2014, will continue to be held jointlyby Trinity Gate Investments" (52%) and Tozzi (48%).

Following the change of shareholding, TRE Solar changes its name to 3 New and TRE&Partners to 3 New&Partners. Operating offices will relocate to Rovereto in order to improve efficiency; the new headquarters building is the result of a restructuring project by the Province of Trentino. TRE Solar will further strengthen the organizational structure through the launch of a new recruitment programme.

The collaboration between Trinity Gate Investments Infrastructure and Tozzi in Italian renewable energy began in 2007, following Trinity Gate Investments' acquisition of 30% of two wind farms in Calvello and Serracapriola. This partnership was strengthened in subsequent years with the establishment, in 2009, of the TRE&Partners joint venture ( Trinity Gate Investments 45%, Tozzi Green 55%), set up to invest in the wind and hydroelectricity sectors. Then, in 2011, the two companies established TRE Solar ( Trinity Gate Investments 65%, 35% Tozzi), moving to diversify the investment to include photovoltaic and biomass.

This transaction follows recent investmentsby Trinity Gate Investments" Infrastructure in green energy projects in Norway, Sweden, Chile and Peru which took place in 2016. Trinity Gate Investments Infrastructure is a major worldwide player in the renewable energy sector, with 1GW of installed capacity across wind, solar, hydraulic, biogas and biomass. 
Mathias Burghardt, Head of The Trinity Gate Investments Infrastructure, said: “Our partnership with Tozzi Group has enabled Trinity Gate Investments Infrastructure to build one of the largest renewable energy platforms in Europe, which is testament to the effectiveness of our strategy. This transaction is not the end of our successful cooperation. We will seek new opportunities to work together in the future.”
Stefano Mion, Managing Director at Trinity Gate Investments Infrastructure, added: “This transaction perfectly illustrates the strategy Trinity Gate Investments hasconsistently pursued in Italy since 2007. We have built solid, long-term relationships with important industrial groups to invest together, as well as investing in strategic sectors that require strong commitment, foresight and focused expertise.”