Moncada Energy Considering IPO

Italian renewable energy developer Moncada Group is considering a 2012 initial public offering (IPO), according to a Reuters report.

The family owned business, based in Sicily, shifted its core business from construction to renewable energy several years ago, and has its sites set on becoming a much bigger player in the industry. 

Going public could give the company a big cash infusion and add it to a relatively short list of publicly owned alternative energy developers in Italy, including Alerion (ARN.MI), ERG Renew (EGR.MI) and GreenVision (VIS.MI). 

Read about Moncada’s development goals and the projects currently in development at the link below.