Alternus Energy introduces procurement of KKSOL as well as solar plant in Italy

• Alternus Energy Group has introduced its purchase of solar operator KKSOL as well as its 557kW-peak rooftop photovoltaic solar plant in Acona, Italy.

Alternus Energy Group has actually revealed its procurement of solar driver KKSOL and its 557kW-peak roof photovoltaic or pv solar plant in Acona, Italy.

The bargain price about $1.6 m (EUR1.36 m). The business elevated this via an effective positioning of a $133m (EUR110m) green bond. in addition to a $33m (EUR27m) equity raise from December in 2015. This will certainly be utilised to money the solar photovoltaic plant.

A firm representative said that the offer is the very first of 4 solar energy parks the business will certainly purchase from the very same Italian vendor. Today, the company has begun sealing the deal for 3 other solar parks, which it anticipates in the first quarter of this year.

With the latest solar purchase, Alternus has increased its operating capability to greater than 140MW-peak.

Alternus Energy Group Chief Executive Officer Vincent Browne stated: "We are happy to shut the purchase of our twelfth solar park in Italy which marks the initial purchase under the recent green bond positioning.

" Solar energy is the cleanest and most secure energy source worldwide, as well as the company's mission is to make this energy widely offered as we target our goal of owning and operating over 2GW of photovoltaic or pv solar by 2025."

Functional because August 2012, KKSOL has actually created greater than 2,300 MWh in the past four years. The business benefits from a 20-year government counterparty feed-in tariff which guarantees a set list price for each system of energy it generates.

This tariff has 12 years staying, after which the solar PV park will certainly remain to offer power to the nationwide grid on the wholesale energy market.