Repower, Swiss energy operator, and Omnes Capital formed a joint venture, Repower Renewable, aimed at managing the portfolio assets and at developing new generation projects in the renewable energy sector. Repower Renewable is held 65% by Repower Italia and 35% by Capenergie 3 (a fund dedicated to renewable energy and managed by Omnes). The overall value of the portfolio is around €100m. Fabio Bocchiola, Italy country manager, Repower: “Repower Renewable represents a key element of the growth strategy in green energy production and confirms Repower's interest in the Italian market. The new group created with the Omnes fund will leverage our existing plant and projects and a significant group of plants created by Elettrostudio Energia along years of development in small/medium size projects in different technologies.”