An undisclosed Chinese investment company that is said to own a portfolio of PV power plants in Italy is planning to recoup the investment in a frame agreement signed with 3Power Energy Group.
The total investment in the projects, totalling 100MW, is said to have been US$500 million with US$400 million financed by long term banks' credit facility. The projects when acquired will be an immediate source of 15 years sustainable revenues under a Power Purchase agreement at prefixed price, according to 3Power.
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