London, UK [RenewableEnergyWorld.com] The Amplio Group has completed and connected two 1-megawatt (MW) solar plants to the Italian grid. The company also said that it plan to connect four additional 1-MW projects to the grid by the end of the month.
Amplio’s investment will be approximately €13 million for a total of 6 MW of solar plants in the provinces of Foggia and Lecce in the region of Puglia in southern Italy. This brings Amplio’s total investment in solar in the last 12 months to approximately €33 million, financed in part with equity and vendor finance in order to accelerate construction of the solar plants.
In July 2009, Amplio announced that it had secured €40m from institutional investors to build a pipeline of up to around 100 MW of photovoltaic solar plants over two years.
“This additional 6MW gives Amplio Solar a good regional diversification as we now have 3MW operating in Sicily and a pipeline of fully integrated solar developments in other regions including Sardinia, the Marche and centre-north areas of Italy. At Amplio, we remain confident of reporting further significant progress in the year ahead,” said Alberto Dalla Rosa, CEO of Amplio Solar.