Solar Utility SpA, a joint venture between Pirelli Ambiente and Global Cleantech Capital, has signed a convention with the town of Alessano in Italy for the realization and management of photovoltaic plants, with an investment of about 5.5 million euros.
The solar panels will be installed on buildings and lands owned by the town of Alessano under a 30-year agreement. The total power installed will amount to about 1.1 MW and will allow for the annual production of clean electricity for more than 1.6 million kWh.
The investment in Alessano, the company says, will accelerate Solar Utility's growth plan. With this agreement, Solar Utility launches its program for investment in south Italy, where there is a high level of solar exposure.