Phoenix Solar Energy Investments AG, a wholly owned subsidiary of Phoenix Solar AG, has acquired all the shares of Italy-headquartered Scarlatti SRL.
Scarlatti holds the shares in four project companies that will develop five solar PV systems in Sicily, Italy, with an overall peak power output of 27 MW. Construction is scheduled for 2009 and 2010.
Phoenix Solar Group says this acquisition represents its largest combined project package in the Italian market to date.
SOURCE: Phoenix Solar AG