Spanish photo voltaic firm Soltec Energy Holdings, by way of its subsidiary Powertis, has entered into an settlement with multi-utility group ACEA to co-develop 340MW of photo voltaic PV in Italy.
The settlement will increase the Spanish group’s presence in Italy the place it had a 3.1GW pipeline on the mid-point of 2022, an 86% enhance in comparison with H1 2021.
The pipeline includes of 2GW of tasks in superior stage, 569MW in early stage and 415MW of recognized alternatives throughout Italy.
The corporate continues to solidify its presence within the nation. For instance, it entered in an settlement with Aquila Capital earlier this yr to co-develop 421MW of photo voltaic PV and 90MW of vitality storage by promoting a controlling stake on these tasks.
Raúl Morales, CEO of Soltec Energy Holdings, stated: “Our vertical integration technique is essential to formalised offers such because the one we now have simply signed in Italy. We’re firmly dedicated to discovering companions that add worth to our property.”
The corporate, which has two predominant divisions, one centered on manufacturing photo voltaic trackers and the opposite, Powertis, on the event of tasks plans to steadily transition to an impartial energy producer (IPP) because it goals to safe further income.