Denmark’s European Energy acquires largest PV project in Italy – pv magazine International

Denmark’s European Energy acquires largest PV project in Italy – pv magazine International

Denmark’s European Energy acquires largest PV project in Italy – pv magazine International -

Finding a site and securing approval for a PV power project with a capacity of more than 20-30 MW in Italy is no simple task, especially in the sunny southern region of Apulia, already home to the largest proportion of ground-mounted solar facilities in the country.

But with successful large-scale plants offering an attractive investment, Danish renewable energy company European Energy has told pv magazine it has acquired ASI Troia FV1, a special purpose company owning a 123 MW solar project in Troia, in the province of Foggia, as reported by local media.

The developer said it has made no final investment decision but added: “We aim to construct it this year.”

The project had been approved by Apulia’s regional government in 2011, when the Conto Energia FIT program was still running. When the incentive scheme closed, the project appeared doomed to failure. But with “grid-parity” solar becoming viable in Italy in the last two years, interest in large-scale projects has revived.

Approval had lapsed

The lapsed ASI Troia FV1 project…

read more: www.pv-magazine.com

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