OPDE sells 7.93MW Italian solar power plants to ForVEI for €33 million

November 16, 2011
Facebook
Twitter
LinkedIn
Reddit
Email

ForVEI investment company revealed that it had bought two solar PV facilities developed by the OPDE Group amounting to a total of 7.93MW. The €33 million (US$45 million) project was financed by Intesa Sanpaolo with the power plants located in the Italian Piedmont region. Both solar farms are fully operational with the 6.19MW Tortona project and the 1.74MW Predosa installation utilizing Trina Solar and Canadian Solar modules, SMA inverters and Mecasolar single-axis solar trackers.

The transaction is the second stage of a larger €88 million agreement between OPDE and ForVEI. The investment company previously purchased three solar farms from OPDE in Tortona and Alessandria for €55 million (US$75 million) this past September. In total the three solar farms amount to 13.2MW of solar power and, combined with the two new solar farms, bring ForVEI’s acquired OPDE solar portfolio to 21.3MW.

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

Read Next

October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
Premium
October 28, 2025
BESS are 'the new player that everyone is talking about,' in Europe’s power purchase agreement (PPA) space, according to LevelTen.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 28, 2025
Navigating module procurement in this financial environment will be a key topic of conversation at the PV ModuleTech Europe 2025 event.
October 28, 2025
PV projects operate close to technical and financial limits, meaning that inaccurate inputs can have performance and profitability impacts.
October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany