New joint venture Nara Solar to develop solar projects with a capacity of 700 MW

Project developer Green Investment Group (GIG), part of the investor Macquarie Group, and the solar project developer Univergy International, have established a joint venture called Nara Solar. The company is to develop »small to large early-stage solar energy projects«. The company is headquartered in Madrid and has four additional offices in Spain. Initially, Nara Solar will develop Univergy International's existing European portfolio, which comprises more than 35 projects and a total of more than 700 MW. Next year, the company plans to triple the capacity of its current Spanish portfolio.
© PHOTON

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