Enertronica to launch US$18.2 million convertible bond

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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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.

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

July 12, 2024
China started conducting a trade and investment barrier investigation on the measures used in the EU’s Foreign Subsidies Regulation (FAR).
July 12, 2024
Swiss Utility BKW Energie AG has sign a power purchase agreement with food and beverage company Nestlé in Germany.
July 12, 2024
China is building two-thirds of new solar and wind projects globally as it is building 180GW of utility-scale of solar generation capacity.
July 12, 2024
Spanish inverter manufacturer Ingeteam has signed a supply agreement for Enel Green Power Australia’s 93MW Girgarre solar farm.
July 11, 2024
Iberdrola has signed a power purchase agreement with fast food chain Burger King to supply power from part of a 553MW solar PV plant. 
July 11, 2024
Dimension Renewable Energy has announced a new name and a plan to operate 500MW community solar projects by the end of next year.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile