New solar JV targets GW development

• DVP Solar is owned by Everwood Capital, via its Fund V, and Prodiel Group

Financial investment administration company Everwood Capital, through its Fund V, and renewable resource firm Prodiel Group have actually teamed up to create DVP Solar focusing on developing large-scale solar projects.

DVP Solar has projects in Spain, France, Germany, Italy, Colombia and Peru and also is presently taking care of 5GW in grid-connected solar energy and also has a more 2GW in projects at the preliminary growth phase.

It expects to have an added 3GW in growth in the following couple of years.

The brand-new firm, in which Everwood Capital and also Prodiel Group each holds a 50% risk, has been begun with the objective of offering a thorough feedback, throughout the worth chain, for worldwide growth of photovoltaic solar energy, the companions stated.

The emphasis will certainly be particularly on European and selected Latin American markets.

DVP Solar chairman Angel Haro said: "DVP Solar is backed, on the one hand, by the record and industry understanding contributed by an entity such as the Prodiel Group, which supplies DVP Solar with its growth team, as well as, on the other hand, by the economic capacity as well as experience in investments and also possession administration provided by Everwood Capital."

DVP Solar currently comprises over 70 multi-disciplinary professionals, all with experience in renewable resource, and also is managed at executive level by Eduardo Criado (pictured), the president of DVP Solar.

Everwood Capital starting companion Alfredo Fernandez claimed: "We are highly devoted to making DVP Solar a leading company in creating photovoltaic projects globally, supported in this endeavor by an outstanding group and also the financial resources the company is mosting likely to call for in this difficulty."