Payom Solar has formed a new subsidiary in Turbigo, Milan to help manage the company’s rapidly-expanding Italian client base. The subsidiary, which has been named Solar Energy Italia SAS, has already secured its first major order – a 4MW roof system for a Danish investment group valued at €13 million.
This success is being replicated in the UK, where Payom has already amassed a project portfolio totalling 4.3MW, thanks, in part, to business agreements with both the Cornwall Council and NatWest Bank.
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“We look at all of our foreign subsidiaries is still great growth potential,” company CEO Detmar Dettmann said. “In the UK, mainly through our recently completed cooperation with Cornwall Council and the NatWest Bank for the marketing and construction of photovoltaic rooftop systems have considerable benefits.”
