Global integrated solar power company Solarcentury, with operations across Europe, Latin America and Africa, announced that it is expanding its operations into Italy.
Solar farm developments are forecast to significantly increase in Italy over the next decade thanks to the ongoing reduction in solar power costs and the Italian Government’s progressive National Integrated Plan for Climate and Energy 2030, which is targeting a cumulative installed solar PV capacity of 50 GW by 2030.
UK-headquartered Solarcentury, whose 220-strong team currently operates across 10 international markets, plans to further grow its 5 GW global pipeline of subsidy-free solar farms into Italy together with a number of local development partners.
Frans van den Heuvel, Chief Executive of Solarcentury, said:
“The Italian solar power market is now entering a very exciting stage. Just as we’ve seen elsewhere across Europe, solar in Italy no longer requires subsidies to be competitive, making this market an increasingly attractive choice for investors. With this changing market picture, we are delighted to be able to continue the growth of our European operations into Italy.
We believe that with our 20-year heritage and strategic focus on end-to-end solar development, financing, management and storage, we can make a real difference in bringing clean power to businesses and communities across the region.
Our mission remains to fight climate change with solar power and we’re determined to play our part in enabling a swift and meaningful transition to zero carbon energy. With the technology available and solar power generation now more affordable than fossil fuels, there really has never been a better time to scale-up solar across the world.”
Currently developing large-scale solar farms throughout Europe, including in subsidy-free Spain, Solarcentury last month announced its entry into the French solar market after winning 57 MW of solar power capacity in the latest French solar auction.
Source: Press Release by SolarCentury. Photo Credit: Sonse via Flickr (CC BY 2.0).