Everwood Capital and the Prodiel Group have combined to create DVP Solar, a joint-venture (JV) focused on developing large-scale international photovoltaic projects, with gigawatts at various stages of development.
DVP Solar will focus on growing solar power in leading European markets as well as certain Latin American sites.
The JV has projects in Spain, France, Germany, Italy, Colombia and Peru. It is currently managing 5GW, with a further 2GW in development. It hopes to add 3GW to its portfolio in the next few years.
DVP Solar is supported by both the “track record and sector knowledge” of Prodiel’s development teams as well as the “financial capacity and experience” that Everwood brings, said DVP Solar chairman Ángel Haro.
Madrid-based Everwood and Seville-based Prodiel will both control a 50% stake in the new company.