IBC Solar has sold its 11.2MW facility in Manzano, Italy to Allianz Specialised Investments. With 47,000 polycrystalline and 3,600 thin-film hybrid modules, the Udine-based park is one of IBC’s largest developments and was connected to the grid on December 7, 2010.
“We are pleased to add the Manzano solar park to our renewable energy portfolio,” said David Jones, CEO of Allianz. “Solar parks represent a growing element in Allianz's alternative asset investment activities and we look forward to working with IBC Solar as manager of this project and hopefully others in the future.”
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Despite the sale, IBC will remain in charge of the maintenance and servicing the 32-hectare park, which will generate energy for 3,750 households in the region.
“In order for a project of this size to succeed, local cooperation is crucial,” added Rudolf Sebald, IBC’s head of technical department and large-scale projects. “The local community really supported us while we were working there and was very open to the project from the beginning.
“We are serving the Italian market on two levels. First, as the general contractor, who develops and builds turn-key solar parks. Second, through our subsidiary IBC Solar Srl in Ancona, which focuses on expanding our business in Italy and on training our local installers there.”