Foresight Group Funds 10-MW of PV in Italy

Foresight Group has signed two contracts for the construction of 10 megawatts (MW) of solar photovoltaic (PV) projects in Italy. The €50 million funding package for the construction includes an equity investment from Foresight’s European Solar Fund.

4 MW of projects will be built through an engineering, procurement and construction (EPC) contract with Enerqos, an Italian turnkey supplier of solar farms and BIPV systems. The project, which is made up of four plants located in the Foggia and Lecce regions of Puglia, Southern Italy, includes 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, also in Puglia, Southern Italy and with a total capacity of 6 MW, through an EPC contract with Ecoware SpA. Of these six sites, four will be fixed installations and the remaining two will be dual axis tracker plants.

“The solar infrastructure market is experiencing rapid growth and continues to attract strong interest from investors and operators. We have been able to partner with market leaders in the construction and operation of solar PV plants, which is an endorsement of Foresight’s growing reputation as a major player in the solar infrastructure market in Italy,” said Giovanni Terranova of Foresight.

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