ITALY - Foresight invests EUR 50m into new solar projects

The projects total 10MWs of power, with 4MWs to be built through an engineer, procure, construct (EPC) contract with Enerqos, an Italian supplier of solar farms and BIPV systems. The project comprises four plants located in the Foggia and Lecce regions of Puglia, Southern Italy: three 'fixed' installations and one dual axis tracker, which allows for increased energy output.

In addition, a further six solar PV plants will be built in Puglia with a total capacity of 6MW through an EPC contract with Italian solar PV contractor Ecoware SpA, part of Kerself Group. Of the six sites financed by Foresight's investment, four will be 'fixed' installations while the remaining two will be dual axis tracker plants.

The funding includes an equity investment from Foresight's European Solar Fund, alongside project finance facilities provided by two of banks.

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• Topics
• Expansion
• Southern Europe