Greencells forms agrophotovoltaics joint venture after green bond issue

Facebook
Twitter
LinkedIn
Reddit
Email
Image: Greencells.

Solar services provider Greencells has formed a joint venture with Italian developer Renewable Consulting to develop a 350MWp solar project portfolio in Pugila.

The JV, which is called Greencells Agrosolar S.r.l., includes a portfolio of 14 solar assets that are expected to reach ready-to-build status either at the end of the year or early 2022. They also include a new focus on agrophotovoltaics, a small but growing innovation within solar development.

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

Greencells announced the new partnership when it closed a €25 million green bond issue on the Frankfurt Stock Exchange.

The bond offers interest of 6.5% annually over five years, and a semi-annual payout.

Andreas Hoffmann, Greencells’ chief executive officer, said that demand for green bonds from established solar industry players is “unbroken”.

“With the bond funds, we will be able to further accelerate our expected growth as planned.”

It is not the only European agrisolar venture under way this year. German renewables group BayWa r.e. has said that it plans to expand an agroPV project in the Netherlands that combined solar with redcurrants. Enel Green Power also began trials at nine pilot plants in southern Europe in February, and construction is to begin soon at two community PV parks on the east coast of Spain that will explore how growing tropical fruit is impacted by solar panels.

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.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 19, 2024
Texas, USA
Solar Media Events
March 26, 2024
Lisbon, Portugal
Solar Media Events
April 10, 2024
Dallas, Texas USA