Press Release
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6 min read
GE Vernova’s Financial Services business and Lizard Renewables establish Alva Power – a Joint Venture to co-develop renewable energy projects in Italy
LONDON, UK (September 16, 2024) – GE Vernova’s (NYSE: GEV) Financial Services business and Lizard Renewables S.p.A. (“Lizard”), a prominent renewable energy company in Italy, today announced the establishment of Alva Power, a strategic 50-50 Joint Venture (“JV”), to support Italy in its electrification and decarbonisation goals by funding renewable energy project development.