Assault on the Gulf, world high finance appears

Via Crucis of Pale

It is not explicitly written yet, but the goal is to transform the path of Sant'Efis, from Cagliari to Nora, into a via crucis of wind turbines to be disseminated along the entire coast of Cagliari, expanding the landscape - environmental ordeal up to Capo Bacon and egg. The notary documents are silent for a few months. The hat on the Sardinian sea is positioned, that deed registered with all the trappings of corporate certification is secreted in the family safe, as if the race to grab that stretch of sea were a challenge against time. In the same days, always the same notary, registers four more from similar companies, with the most disparate names, but not directly attributable to Sardinia. The maneuvers to approach the Sardinian coast have a jolt in the height of summer.

"Nora Ventu" is born

It is July 16, 2021 when a board of directors of a company meets which, in the meantime, has already changed its name, from "Falck Renewables Nora" to "Nora Ventu", a wind translation of wind perhaps inspired by Paolo Rundeddu, the financial head of the Falck Group. Therefore, the direct reference to the parent company disappears and the Spaniards of Blue Float Energy appear on the Nora stage. It is they who land in the Sardinian plan directly with the number one of the Madrid group, that Carlos Martin Rivals, who is the managing director of the Spanish team. On the eve of August, the shares are divided, 50% for one, and the threshold for payment signatures is raised. The game goes live. There is a large-scale operation to be put in place to get your hands on most of the sea wind that blows in Sardinia and beyond. The aims are high-sounding: they point to Cagliari, Golfo degli Angeli and Olbia, in the inlet between Golfo Aranci and Pittulongu beach. They know perfectly well that world finance is watching them. After all, a simple calculation is enough to understand which financial entity we are talking about: building an offshore wind farm like the one planned on the coast of Cagliari, 93 blades for almost 1,400 megawatts, costs about 4 billion euros.

Three billion "gift"

Such a quantity of wind energy, produced with ground poles, would produce gains of around 250,000 euros per megawatt per year. If that parameter were also applied, downwards, to wind energy at sea, it would mean that the plant in the Gulf of Angels alone would bring home the beauty of at least 350 million euros a year. In all public statements, however, it has been repeatedly argued that the incentives for floating wind turbines will be significantly higher than those on land. It is estimated that an investment of that size can be amortized over 20 years, therefore, with an annual accrual of approximately 200 million euros, the 4 billion of the construction cost would be repaid and a gain of well over 150 million would be "left". year, which multiplied by 20 years would lead to a total return exceeding 3 billion euros. Obviously, of all this, there would be absolutely nothing left, neither to Sardinia, much less to the Sardinians. If anything, forced to pay these incentives through very expensive electricity bills, overloaded by system charges and the lack of methane.

The landing of Manhattan.

Those who, on the other hand, are targeting the invasion project of the Sardinian sea are the business-men of the great world finance. The dollar of the Gulf of Angels whirls in their pupils. To have "aimed" the offshore operation of Sardinia is the world giant of JPMorgan which is fielding one of its most powerful international funds, the Infrastructure Investment Fund, which on February 24 will sign the "clousing" to take home 60% of Falck Renewables, the parent company of “Nora Ventu”. It is an infrastructure investment fund directly related to the largest US financial services bank. To date, JPMorgan Americans have invested over $ 3 billion in renewable energy projects around the world, with a capacity of 4,800 megawatts. A colossus to be envied by the climbers of the Greek economy, razed to the ground by world finance. The Infrastructure Investment Fund, according to the latest report, has a net asset value of $ 12.4 billion and a portfolio of seventeen companies (totaling 541 assets) in twenty-two countries.

No love at first sight

The landing in the Sardinian sea is not, however, love at first sight and, moreover, it is well known: these financial funds never fall in love. For them only one rule applies: earning full hands, performance and business. With a difference compared to a traditional fund: JPMorgan decides world finance, affects the choices of governments and the tables that matter. It is no coincidence that on the eve of Mario Draghi's indication to lead Palazzo Chigi, the world number one of JPMorgan, Jamie Dimon, took the field. His words are not a prophecy: "Italy is going through a phase of renewed economic expansion and will benefit from the exceptional leadership of Prime Minister Draghi". An unselfish endorsement from the supreme head of one of the largest banks in the world: "I believe this is the right time to trust and invest in your country. Italy will further benefit from the Recovery fund which, if used efficiently, it will help accelerate economic growth. ”The message is clear: there is money for renewables, you have to spend it quickly.

The "miracle" of Draghi

And we, the Americans of New York, are here to make big money. A plan is that of offshore wind power that comes from afar, with the Italian state, the one governed by Mario Draghi, Roberto Cingolani and Vittorio Colao, which enjoys support, not exactly disinterested, from a large part of the world financial world. In the Golfo degli Angeli, on the way to Sant'Efisio, everything is ready for the stars and stripes landing. The only thing missing is Draghi's decree for the commissioner of Sardinia: it will be the Italian "miracle" in favor of the Americans & associates.