Italy
Why Italy?
Favourable feed-in tariff: the Italian market has a favourable feed-in-tariff making in one of the most active PV markets in Europe.
Rapidly growing market: as of January 2010 there is a combined total of more than 800 MW of PV solar projects but this is expected to rise to 3000 MW in few years.
Fragmented market: this provides Nur Energie with a unique opportunity to penetrate the market with large scale solar developments that will supply electricity directly to the Italian grid.
Nur Energie's core activities consist of:
- Development of solar power plants: site evaluation, negotiation of the lease or purchase of land, obtaining grid connection, obtaining the required construction permit and choosing the most appropriate technology
- Financing of solar power plants: Nur Energie subcontract the technical and legal due diligence to their partners and focus on obtaining debt and equity finance and negotiations with the EPC contractors
- Construction and maintenance: Nur Energie look to retain a stake in the solar parks and work with local partners for the asset management of the parks
Nur Energie’s strategy
Co-developer agreements. This allows Nur Energie to leverage local contacts and to reduce their fixed costs. The co-developer benefits by being involved in the construction phase and in the maintenance of the solar plant.
Strict selection of components in order to decrease operating risks during the life of the project (up to 30 years) and facilitate financing.
- Strict selection of sites to facilitate grid connection
- Strong partnerships with EPC contractors aimed at allowing investors to benefit from the continuing drop in panel prices
- Focus on large scale projects only (from 1MW – 40MW)
The Nur Energie Italy team consists of professionals with experience in solar development, renewable energy project finance, investment banking and asset management, with a strong local market knowledge and network.
Nur Energie will provide multiple investment opportunities for investors interested in the Italian PV market. Nur Energie has several projects underway, two of which are listed below. For both projects Nur Energie are currently in negotiations with investors, banks and EPC contractors.
Cavallino
A 1 MW project in Cavallino, Puglia which is part of a series of 5 x 1MW projects. This project has an excellent expected yield with a national feed in tariff and energy sales price leading to high IRRs. The Cavallino project will be built by a well reputed EPC contractor with high-quality crystalline modules from a market leading manufacturer.
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Project Summary |
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| Size: | 998 kWp |
| Location: | Cavallino, Lecce |
| Area: | 5.80 hectares |
| Global radiation: | 1848 kWh/m2/yr |
| Authorization: | Yes |
| Grid connection: | Q4-09 |
Bagnoregio
The 4 MW project in Lazio will consist of high efficiency crystalline modules produced by a leading manufacturer and installed fixed on ground. The electrical network connection is excellent and the project is in advanced development stage.
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Project Summary |
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| Size: | 3974 kWp |
| Location: | Lazio 42.36N, 12.02E |
| Area: | 80,000 m2 |
| Global radiation: | 1721Wh/m2/y |
| Authorization: | On-going |
| Grid connection: | Q4-09 |
