Euronext Welcomes Espe’s Renewable Energy Solutions to Milan Market

Enrico Meneghetti, CEO of Espe, rang the bell during the market opening ceremony this morning to celebrate the listing of the company.

(IN BRIEF) Espe, an energy company based near Padua, Italy, has been listed on Euronext Growth Milan, marking its third listing in 2024 and the sixth overall on Euronext this year. The company specializes in industrial electrical and automation systems, with a focus on renewable energy solutions such as photovoltaic installations, wind turbines, and biomass cogeneration. Through its listing, Espe raised €2.1 million, highlighting its commitment to growth and innovation in the renewable energy sector.

(PRESS RELEASE) MILAN, 22-Feb-2024 — /EuropaWire/ — Euronext (EPA: ENX), the pan-European stock exchange and market infrastructure, connecting European economies to global capital markets to accelerate innovation and sustainable growth, announces that Borsa Italiana extends its congratulations to Espe on its successful listing on Euronext Growth Milan. Based in Grantorto near Padua, Espe is a prominent player in the energy sector, specializing in the construction of industrial electrical and automation systems. Since its inception in 2003, the company has been at the forefront of renewable energy solutions, particularly in photovoltaic installations. Over the years, Espe has expanded its portfolio to include small wind turbines and biomass cogeneration technologies, showcasing its commitment to innovation and sustainability.

Espe’s listing marks the third addition to Borsa Italiana’s market for small and medium-sized enterprises and the sixth listing on Euronext this year. During the placement phase, Espe successfully raised €1.8 million, with the potential for an additional €300,000 through the over-allotment option, bringing the total amount raised to approximately €2.1 million.

Enrico Meneghetti, CEO of Espe, expressed his enthusiasm about the milestone, stating, “Our listing on Euronext Growth Milan is a milestone that coincides with our fiftieth year in business, as a company with a solid track record and ambitious plans for future growth.”

Established in 1974, Espe has earned a reputation for designing and manufacturing cutting-edge industrial electrical systems. The company has emerged as a leading engineering, procurement, and construction (EPC) contractor in the solar energy sector, specializing in both roof- and ground-mounted photovoltaic systems, as well as utility-scale solar installations. In addition to solar power, Espe has made significant strides in the mini-wind power market since 2011, catering to domestic and international markets with its turbine solutions. Furthermore, Espe has leveraged proprietary technologies to enter the biomass cogeneration segment in 2013, demonstrating its commitment to diverse renewable energy solutions. As a trailblazer in Italy’s renewable energy landscape, Espe remains dedicated to supporting clients across the entire lifecycle of their renewable energy projects, from inception to maintenance.

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SOURCE: Euronext N.V.