Zouk and Solar Venture to develop 120 MW PV subsidy free projects in Italy
Post date: 15/10/2019 - 09:26
Solar Ventures S.r.l., Italian independent solar power producer (IPP) and project developer, and Zouk Capital, London-based infrastructure and private equity investor active in sustainable infrastructure, electric mobility and renewable energy announced they have agreed a partnership to jointly develop and construct a portfolio of subsidy-free photovoltaic plants in Italy, initially totalling approximately 120 MW.
The projects are currently in the mid development stage and the funding provided by Zouk Capital and Solar Ventures will enable the finalization of the development process as well as the construction of the plants. The plants will be amongst the first in Italy to be completed on a truly subsidy free basis as they will not be subject to a feed-in tariff or other state incentive mechanism. Instead, they will sell their power output commercially through long-term power purchase agreements.