Kerself Inaugurates 9 MW of Photovoltaic Projects in San Severo (Jan 25, 2010)

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Kerself Inaugurates 9 MW of Photovoltaic Projects in San Severo

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January 25, 2010

Correggio, Italy: Kerself Inaugurates 9 MW of Photovoltaic Projects in San Severo

KERSelf S.p.A., a company listed on the Italian Stock Exchange’s STAR segment and a leading player in Italy’s photovoltaic industry, has opened three 3 MWp photovoltaic solar fields in San Severo (in the Italian region of Puglia) installed by Ecoware S.p.A., the Group company specialized in large-scale photovoltaic systems. The fields, connected to the mains grid last December, were commissioned by Voigt & Coll., a German financial company active in photovoltaic investments in Europe. Photovoltaic field projects have been set up in Puglia for a total of 19 MWp, worth 85 million euro.

The important contract was secured in collaboration with DynaFinance Consulting, which develops and manages projects for financial investors wanting to operate in Italy (like Voigt & Coll.) and has reached agreements with Ecoware for other plants to be constructed in Puglia. Specifically, a primary cabin will be installed north of San Severo, to connect 60 MWp of solar fields by the end of the second half of 2010 or early 2011, for an additional amount of 200 million euro. DynaFinance will guarantee financial coverage for the entire project by setting up a photovoltaic property fund for more than 200 million euro, in partnership with CBA Studio Legale e Tributario. The new orders relate to the 2010 budget programs announced in a press release issued on 30 September 2009, which envisage plant construction work for a total of approximately 170 MWp in 2010.

Voigt &Coll. is also one of the purchasers of the new plants, having already underwritten 20 MWP of the total 60 MWp that will be available. Markus Voigt, Voigt & Coll. chief executive officer, said: “Italy offers the most interesting opportunities for photovoltaic investment in Europe today. We are ready to invest an additional 250 million euro in capacity photovoltaic plants in Italy in 2010 and Ecoware is our partner of choice.”

Among those attending the opening ceremony were Wolfgang Palz, President of the World Council for Renewable Energy (WCRE), Onofrio Introna, Puglia’s Regional Councillor for the Environment & Energy, and institutional representatives of the Puglia Regional Authority, ENEA (Italy’s national agency for new technologies, energy and sustainable economic development), local authorities and international banks.

Ecoware chief executive officer Leopoldo Franceschini said: “The important investment by our German partners is further evidence of their confidence in Italy’s photovoltaic capabilities and technology. This is one of the largest projects in the photovoltaic sector in Italy and confirms the leadership of the Kerself group in a sector of strategic importance for the national economy.”