By .(JavaScript must be enabled to view this email address) - 19 March 2009, 01:50
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AIG bails out of solar, as unit sells off Spanish PV assets

AIG Financial Products, a unit of beleaguered American Insurance Group, and Spanish investment bank 360 Corporate said that they have sold their interests in three operating Spanish solar PV power plants to HgCapital, a London-based private equity firm.

With a combined capacity of 35.4 MWp, the sites are said to have an enterprise value of about €300 million. Terms of the sale were not disclosed.

Hg said that the three projects are its first Spanish and solar investments. The newly acquired sites include two fixed-axis systems, with a combined capacity of 17 MWp, and one single-axis tracker installation of 18 MWp. All projects qualified for the Spanish PV tariff between May and July 2008, according to Hg.

AIG's spokesman Mark Herr told Greentech Media that the three power plants are located in Extremadura, Murcia, and Castilla-La Mancha and that the operators of the plants are City Solar, Proener, and SunPower.

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Photovoltaics International 14th Edition

Published in November 2011, the 14th edition of Photovoltaics International provides a variety of technical papers from some of the industry’s stalwarts. Features include: TÜV Rheinland on junction box testing; Laser Zentrum Hannover on laser edge isolation of mc-Si cells; Calisolar on the importance of traceability; Fraunhofer ISE on EWT cells; and EPIA on Europe’s LCOE.
Photovoltaics International Lite, Volume 05 - 2011

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Manufacturing the Solar Future is the primary source guide for detailed information on the PV production process. This annual provides technical details on how the leading companies and research organizations worldwide are addressing this need by dramatically improving their manufacturing processes.

AIG bails out of solar, as unit sells off Spanish PV assets

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