Israel-based Sunflower Sustainable Investments is continuing to find sunny prospects in Italy for its solar activity, announcing the purchase of another solar energy farm last week. This comes on the heels of the financial investment house’s acquisition of three Italian solar farms at the end of 2010.
Sunflower’s latest agreement is for a 2 MW solar park at a cost of about €5 million. Taking advantage of supportive Italian legislation for solar-generated electricity, Sunflower signed deals in 2010 to build solar farms with a total generation capacity of 12-15 MW. Sunflower, based in Ramat Gan, is a public company, traded on the Tel Aviv Stock Exchange.
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