Trailstone and Nuveen Infrastructure Expand Partnership to Boost Italy’s Energy Sector

04 Nov, 2024

Trailstone Group, a global technology and energy company, recently announced a groundbreaking hedging agreement with Nuveen Infrastructure, a top investment manager in renewable energy. This partnership aims to advance renewable energy solutions and expand into other EU countries, with the new collaboration supporting a 48 MW wind farm in Italy. This project builds on a relationship between Trailstone and Nuveen, formerly Glennmont Partners, which started in 2016. The agreement highlights Trailstone's leadership in crafting custom solutions for renewable energy producers across Europe.

Trailstone will use its expertise, market access, and renewable energy optimization platform to enhance revenue from wind energy. Nuveen Infrastructure will gain access to energy futures markets, enabling a more dynamic approach to managing price risks. Sevastos Kavanozis, Global Head of Renewables Sales & Origination at Trailstone, expressed pride in this renewed partnership, supporting the path to clean energy and expanding to other EU countries.

Alessandro Savini, Trailstone’s Senior Executive Consultant in Italy, noted that while virtual PPAs are less common in Italy than in other EU nations, their innovative model offers solutions to stabilize energy prices. Jordi Francesch, Global Head of Asset Management at Nuveen, emphasized the partnership's role in delivering sustained performance for their onshore wind investments in Italy.

Trailstone, founded in April 2013, specializes in renewable energy trading and asset management, providing clients with risk management and energy optimization. Their end-to-end renewable power management platform leverages data analytics and meteorology for robust modeling and forecasting. Trailstone, recently acquired by Engelhart, operates in 20 countries and optimizes over 20,000 MW of renewable energy assets. Engelhart’s acquisition aligns with its strategy to enhance trading and technological capabilities, supporting the clean energy transition.

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