Westinghouse Solar Enters Italian Market

Posted by SI Staff on August 29, 2012 No Comments
Categories : FYI

Westinghouse Solar Inc. and CBD Energy Ltd. have established a joint venture to design, engineer, procure and construct commercial PV projects in Italy.

‘This agreement is a continuation of our companies' collaborative efforts as we move toward our merger,’ explains Westinghouse Solar CEO Margaret Randazzo.

Westinghouse Solar will obtain a 25% stake (with the option to take up to a 50% stake) in the profits from CBD's commercial project pipeline in Italy, in exchange for an investment of $1.5 million (with the option to invest up to a further $1.5 million).

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