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SUSI Partners acquires solar power plant in Italy

SUSI Partners AG has acquired three 1 MWp photovoltaic power plants in the Province of Mantova developed by SOLON S.p.A. for the SUSI Sustainable Euro Fund I.

 

SOLON, a world leading integrated photovoltaic supplier, built these free-standing fixed installations in July 2011 using its own SOLON Blue modules and PowerOne inverters.

The Chief Investment Officer of SUSI Partners AG, Otto von Troschke, says: “We are very happy to announce this investment, more so since our partner is one of the leading players in the field of photovoltaic energy. We have secured financing for 3 MWp and are confident to continue this successful alliance.

“With this investment we can add Italy to Belgium and Germany for the Fund’s portfolio. The projects’ expectations are exceptional, thanks to the knowledge of SOLON and the employed high-quality components.”

SOLON Chief Executive Officer, Wojciech Swietochowski, says: “SUSI has been very transparent and reliable. We are thrilled to partner with the fund in the successful development of the three power plants and look forward to continue this relationship.”

SOLON produces the modules locally in the Italian subsidiary at Carmignano di Brenta (PD) close to the sites and will use them as reference projects for further plants in Europe.

Von Troschke adds: ”Internal and external due diligences underline the quality of the investment and we are sure to exceed our Fund’s mandate. This is a first step in the right direction as we look to invest more in Italy. Our pipeline of projects in France, Italy, Finland, Belgium, and Germany is still over 200 million Euros, and we are confident to attract additional institutional investors in the short term future as the window of opportunity in the renewable energy market remains bright.”

The acquisition will enter into SUSI Partners AG’s flagship Fund, the SUSI Sustainable Euro Fund I. This SICAV/SIF Luxembourg Fund gives investors access to sustainable investments in renewable energy infrastructure in Germany, Italy, Finland, France, and Belgium.

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