June 14, 2008

GreenergyCapital contract with TSL

The Group GreenergyCapital, investment company specializes in making investments in the fields of renewable energy and energy conservation, has concluded with Trina Solar, international group active in the production of photovoltaic modules listed on the New York Stock Exchange, an important contract for the sale of panels to produce electricity.
The agreement signed by Ergyca Power, a company wholly owned by GreenergyCapital, lasts three years (2008-2010) and provides that Trina Solar provides the Group GreenergyCapital photovoltaic modules with technology mono and poly-crystalline for a value of 158 million dollars. The agreement is part of the development programme of Group companies GreenergyCapital in the field of photovoltaics, the purchase of the panels in fact follows the establishment of four special purpose vehicle, created with the objective to identify and develop initiatives in the field of energy generation photovoltaics.
In addition to investment operations, the Group has initiated activities realization of photovoltaic installations with the recent agreement with KME Group, which provides for the establishment of a plant on the establishment of Serravalle Scrivia, with an installed capacity of around 4.5 MWp plant, which will be installed photovoltaic modules produced by Trina Solar.
"After the contract signed in April with Pramac, we continue successfully in the development project of GreenergyCapital in photovoltaics," says Luca d'Agnes, CEO of GreenergyCapital SpA "The agreement with Trina Solar, in fact, represents a second important element in the realization of our project, because it contributes substantially to the availability for the Group of a strategic component for the realization of photovoltaic systems."

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