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Grupotec increases share capital to build PV project business

  •   GRUPOTEC recently connected 12 PV projects in the UK with a total capacity of 46MW in just 9 weeks.
    GRUPOTEC recently connected 12 PV projects in the UK with a total capacity of 46MW in just 9 weeks.

Spanish EPC firm Grupotec has completed a capital increase to support renewable energy projects in new and emerging markets.

Although funding figures were not announced, Baring Private Equity Partners España provided share capital to the Spain-based engineering company.

Grupotec said that it planned to expand its geographical footprint in African and Latin American countries with the prospect of investing in projects related to the renewable energies and environmental sectors in Europe, USA and Latin America.

Grupotec recently connected 12 PV projects in the UK with a total capacity of 46MW in just nine weeks. 

The company is forecasting 2013 sales of around €100 million.

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