REC sells Sardinia PV plants

One of the Sardinian plants sold by REC

One of the Sardinian plants sold by REC

The Systems unit of Norwegian PV group REC has recommitted itself to the Italian market in the post-feed-in tariff era, after selling four PV plants totalling 8MW on Sardinia to a European investor.

The buyer is IKAV Global Energy, an arm of a Luxembourg investment fund, which acquires European PV assets for its insurance and pension-fund shareholders.

The four ground-mount plants in Sardinia, which will produce 12.5MWh of power a year, represent a “very sound investment for the Fund”, says IKAV director Constantin von Wasserschleben.

Earlier this year Italy’s Conto Energia V incentive scheme for PV hit its ceiling, bringing an end to the country’s long-standing feed-in tariff (FIT) scheme, which has propelled it to near the top of the global PV league.

While Italian PV demand Log in to read complete article.

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