Italian activists challenge Israeli-linked solar projects
Italian activists challenge Israeli-linked solar projects Italian activists in a small Tuscan town have been protesting against a planned agrivoltaics park after tracing its ownership to Shikun & Binui, an Israeli company with ties to Israel 's military. The campaign by Diritti In Palestina began in early September, when activists investigating the project in the town of Ribolla traced its…
Italian activists in Ribolla, a small Tuscan town, are protesting against a planned agrivoltaics park due to concerns over its ownership. The activists, representing Diritti In Palestina, traced the project's ownership to Shikun & Binui, an Israeli company linked to Israel's military. The campaign began in early September when activists investigated the project in Ribolla and discovered its connection to Shikun & Binui, which operates in real estate, energy, and infrastructure.
Shikun & Binui Energy plans to construct five solar power plants across Tuscany, a central Italian region. To obscure the ultimate ownership, the company created five special-purpose vehicle (SPV) companies in Milan, making the projects' real owners harder to trace. According to documents reviewed by Middle East Eye, the land lease contracts for the agrivoltaics park are signed by one such SPV, SPV Energy 3.
The activists' investigation revealed that SPV Energy 3 has no employees and a share capital of only €2,500, raising questions about the legitimacy of the project and its true owners.
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