VioSolar Inc. has signed a letter of intent with SCAIAP Capital Partners for 110 million euros in financing to establish the VioSolar Opportunity Fund, which will manage capital for solar-park projects in south and southeastern Europe.
‘Solar parks and solar technology are very much in the forefront of many investors' thinking, and our association with VioSolar is a fantastic fit for us and our investors,’ says Peter Herold, founder of SCAIAP. ‘We anticipate a six- to eight-month time frame in order to have the funds in place, at which time VioSolar Opportunity Fund would be in a great position financially to fulfill its mandate.’
