Greencells kinds agrophotovoltaics joint venture after green bond concern

• Solar services provider Greencells has actually created a joint venture with Italian developer Renewable Consulting to establish a 350MWp solar project portfolio in Pugila.

The JV, which is called Greencells Agrosolar S.r.l., consists of a portfolio of 14 solar assets that are anticipated to reach ready-to-build standing either at the end of the year or very early 2022. They additionally include a brand-new focus on agrophotovoltaics, a little however expanding technology within solar development.

Greencells introduced the new collaboration when it shut a EUR25 million environment-friendly bond concern on the Frankfurt Stock Exchange.

The bond provides passion of 6.5% yearly over five years, and also a semi-annual payment.

Andreas Hoffmann, Greencells' president, said that demand for green bonds from established solar sector gamers is "unbroken".

" With the bond funds, we will certainly be able to more increase our anticipated development as intended."

It is not the only European agrisolar endeavor in progress this year. German renewables group BayWa r.e. has said that it intends to expand an agroPV project in the Netherlands that incorporated solar with redcurrants. Enel Green Power additionally started trials at 9 pilot plants in southerly Europe in February, and also building and construction is to begin quickly at two neighborhood PV parks on the east coastline of Spain that will discover exactly how expanding tropical fruit is influenced by solar panels.