Powertis SAU, a unit of Spanish solar trackers maker Soltec Power Holdings SA, is partnering with Aquila Capital to build a solar photovoltaic portfolio in Italy with a combined capacity of 750 MW.
Powertis has sold a 51% stake in ten special-purpose vehicles (SPVs) that holds a total of 249 MW in the solar portfolio to Aquila Capital. The design capacities of these projects are ranging between 17 MWp to 52 MWp. Aquila Capital and Powertis will jointly develop the projects at 51/49 split of the cost. Aquila has an option to buy the 49% stake of Powertis once the project reaches commercial operation.
Financial details of the transaction were not disclosed.
The projects included are:
- 52 MW Catania Solartrack solar photovoltaic facility in Sicily
- 20 MW Tuppetto 1 solar photovoltaic facility located in Basilicata
- 20 MW Tuppetto 2 solar photovoltaic facility located in Basilicata
- 20 MW Tuppetto 3 solar photovoltaic facility located in Basilicata
- 7 MW Ripizzata solar photovoltaic facility located in Apulia
- 30 MW Sparpagliata solar photovoltaic facility located in Apulia
- 20 MW Cavaliere solar photovoltaic facility located in Basilicata
- 30 MW Barba solar photovoltaic facility located in Apulia
- 20 MW San'Elia 1 solar photovoltaic facility located in Basilicata
- 20 MW San'Elia 2 solar photovoltaic facility located in Basilicata
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