At
the
moment,
he
acknowledges,
the
German
PV
pioneer’s
business
model
still
looks
like
that
of
many
traditional
European
system
integrators,
deriving
“by
far”
the
largest
chunk
of
revenues
from
developing,
building
and
selling
arrays
in
generously
subsidised
markets.
Only
this
spring,
Solarstrom
finalised
the
sale
of
its
largest-ever
project,
the
48MW
Serenissima
array
in
northern
Italy,
to
BNP
Paribas
Clean
Energy
Partners
in
a
deal
worth
€118m
($155m).
But
past
investments
and
strategic
decisions
have
left
the
Freiburg
company
in
a
far
better
position
than
many
of
its
competitors
to
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