Enertronica to launch US$18.2 million convertible bond

July 12, 2017
Facebook
Twitter
LinkedIn
Reddit
Email
Elettronica Santerno recently signed a contract to supply 27MW of PV inverters to a project in Nevada, USA that was valued at about €2.5 million. Image: Elettronica Santerno

Italian PV project developer Enertronica announced that its board of directors have given their approval for a US$18.2 million convertible bond.

The bond, which will be placed through a private placement in September, will be used by the company to support its international ventures — including areas such as the US and South Africa. Enertronica recently opened its US subsidiary, Enertronica Inc. — with the new company opening up a new office in Boston.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The bond will also help the company relaunch PV inverter manufacturer Elettronica Santerno, which Enertronica acquired last year.

Elettronica Santerno recently signed a contract to supply 27MW of PV inverters to a project in Nevada, USA that was valued at about €2.5 million.

Looking back at the company’s performance so far in 2017, Enertronica also noted that its revenue for the first six months of the year is currently tabbed at US$52.5 million, along with a pre-tax profit of US$1.6 million.

Read Next

October 21, 2025
Australia's solar-plus-storage sector gained momentum with 725MW of solar PV approvals advancing across New South Wales and Queensland.
October 21, 2025
Luminous Robotics has successfully completed its first international deployment of AI-powered solar installation robots at Engie’s 250MW Goorambat East Solar Farm in Victoria, Australia.
October 21, 2025
An independent panel has granted resource consents for the 179MW Glorit Solar Farm in Auckland, New Zealand.
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK