Abantia completes 5 Italian PV plants

The construction of these plants, which involved a total investment of €30 million, had already been delayed by six months according to Europa Press.

In a statement, the group explained that these installations occupy a total of almost 20 hectares. Located in Oviglio (Piemonte region), Avezzano, (Abruzzo region), Acquapendente, (Lazio region), and San Severo, (Puglia region), the total installed capacity is 9.6 megawatts. This is expected to generate enough power for around 3,000 homes.

Abantia already has extensive experience in the deployment of PV in Spain, having installed projects in Malaga, Toledo, Lleida and Murcia, among other provinces. It closed 2010 with a net income of some €254 million, higher than its 2009 figure, at €6.4 million.

The group has additionally been focusing on industrial maintenance and the implementation of PV plants in Spain, as well as increasing its activity in Poland, Italy, Guatemala, France and Abu Dhabi. Furthermore, earlier this month, it announced its strategy for 2011, which includes entering Qatar and Mexico with short-term projects, as reported by newspaper Expansión.

While it closed its Greek office last year, due to the intense economic crisis in the Southern European country, it has recognized an increasing need to invest abroad. Consequently, it announced its intention to focus on the Qatar market, through a joint venture with an unnamed local operator in Abu Dhabi.

Entering Mexico, however, could take longer. Abantia expects to enter the Latin American nation in the first quarter of 2012, according to the company’s CEO, Francesc Boada.

Boada explained that 20 percent of Abantia’s consolidated revenue – some €250 million – comes from external markets. Thus the company’s strategic plan contemplates a business growth of 50 percent through 2014, with the intensification of its activities abroad, the acquisition of new companies and a stronger focus on turnkey projects.