TGI Solar, a provider of solar products that currently maintains joint ventures in Hong Kong and a subsidiary in Italy, has teamed with Prime Solar SRL on two photovoltaic projects in Italy. The two plants, each a 1.18 MW PV park in Sicily, are valued at $6.3 million.
‘We are at final negotiations with local municipalities and are expecting to get approvals by year-end,’ says Raoul Derito, vice president of operations at Prime Solar.
TGI Solar will receive a management fee, plus a percentage of profits that Prime Solar generates from energy production, as recurring income.
SOURCE: Prime Solar