In a short conversation with pv magazine, the company’s CEO, Vito Nardi, said shipments for this year are expected to reach 866 MW. The inverter manufacturer also expects a rate of production of 2 GW per year by the end of next year.
The Italian developer and largest shareholder of inverter maker Elettronica Santerno, said on Friday it would delay its financial results for the first half. Its statement also revealed the loss of a contract to build a 120 MW solar plant in Spain and a $5 million loss linked to another project in the US.
The Italian solar developer will provide inverters through its unit Elettronica Santerno.
The Italian inverter maker will supply its Sunway TG TE 1500V devices for a project under development by an unnamed global utility active in the renewable energy sector.
Net proceeds from the bond issue will be used to finance the company’s international expansion and the relaunch of Elettronica Santerno, the unit specializing in inverter production.
The Italian inverter maker will supply its devices for a large-scale PV project under development in Nevada.
The Italian solar developer saw its turnover and profits decline slightly last year. The company acquired Italian solar inverter manufacturer Elettronica Santerno in late 2016.
The Italian solar company has secured an engineering contract to build two PV plants totaling 50 MW in the United States. Furthermore, Enertronica has set up a new subsidiary in Delaware.
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