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.