SPI acquires 4.3MW portfolio of Italian projects from CECEP HK

Facebook
Twitter
LinkedIn
Reddit
Email

PV developer Solar Power, Inc. (SPI) has announced that the company, along with its subsidiary — SPI China Limited — has completed its acquisition of 4.3MW of PV projects in Italy from CECEP Solar Energy Hong Kong Co. (CECEP HK).

CECEP HK is a wholly-owned subsidiary of China Energy Conservation and Environmental Protection Group (CECEP) — a state-owned energy group in China.

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

Xiaofeng Peng, chairman of SPI, said: “This acquisition expands SPI's global PV operating asset portfolio, and marks the beginning of a close working alliance with CECEP, one of China's top state-owned energy conglomerates.  Alongside our recently announced agreement with RE Projects Development to co-develop PV projects in the UK, this deal demonstrates SPI's growing presence in key European markets.”

This deal marks the latest in a large list of Italian PV projects hitting the market, as a change to the country’s feed-in tariff at the start of 2015 has caused many banks to sell off solar plants at low prices in order to remove themselves from stagnant assets.

Last month, European utility group E. ON sold 49MW of its Italian PV portfolio to the private infrastructure fund, F2i. 

Read Next

July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).
July 14, 2025
Solar and storage developer MN8 Energy has raised US$575 million to refinance three PV projects in North Carolina, Kentucky and Illinois.
July 14, 2025
OpenSolar has launched a new model to help US rooftop solar installers reduce costs and thrive despite the loss of the 30% IRA tax credit.
July 14, 2025
Analyst Wood Mackenzie has forecast that solar PV and wind installations in the US will be 100GW lower than expected between 2025 and 2030 with the removal of Inflation Reduction Act (IRA) incentives.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK