Solea AG, led by the business development activities of Solea Capital GmbH, recently signed a large roof-top joint venture agreement with the South Tyrolean PV development company, SolarConcept GmbH in Sterzing.
The terms of the agreement align the JV to develop, construct and commission no less than 20MW of commercial PV roof-tops installations, throughout Italy, by the end of 2010. The estimated total portfolio investment volume is €60 million. The targeted commercial buildings originate from a stakeholder network of a leading European automobile manufacturer. The JV partners expect the first five MW to be constructed by the end of 2011.
Solea AG’s CFO, Georg Sterner, expressed his satisfaction with the partnership; “We are pleased to have formed a JV with SolarConcept GmbH, an experienced local Italian partner. This JV has solidified a great business opportunity for Solea to engage in the highly visible automobile sector, as a leading EPC for the installation of roof-top photovoltaic systems. This partnership will provide our customers and end-investors with a sustainable pipeline of renewable energy investment opportunities in Italy."
For further information, please contact:
Steffen Kammerer, Directory Solea Capital GmbH
Ottobrunner Str. 39