25 Jun '12, 8am

Adenium, Foresight build portfolio of solar assets with €125m Italian ...: Solar News - Adenium, Foresight build...

Adenium, Foresight build portfolio of solar assets with €125m Italian deal 25 Jun 2012 Investment firm Adenium Energy Capital has acquired a stake in a 29MW portfolio of grid-connected solar plants across Italy, with an enterprise value of €125m, with the assets to be jointly managed by Foresight Group . Together, the firms will look to grow the portfolio in the next 12 months to 100MW. The transaction was carried out by Adenium Solar Energy Company, which said despite the current challenges in Europe, the portfolio offers an attractive investment proposition. Safwan Kuzbari, chairman of Adenium, said, ‘Following some extensive research and project screening of solar power projects, we are pleased to join forces with our partners at Foresight. ‘This joint vehicle will allow Adenium and its investors to deploy capital in the European solar infrastructure space, offering an ...

Full article: http://www.newenergyworldnetwork.com/investor-news/renewa...

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