From now on, 14 photovoltaic projects by CCE – Clean Capital Energy and enernovum with a total nominal output of 600 MWp are also part of the financing portfolio of the Kommunalkreditbank. All projects are currently still in development and are now being finalized by the photovoltaic specialists until they are ready for construction. The two companies were accompanied by the international law firms Dentons and Wolftheiss during the contract negotiations.

The photovoltaic experts CCE Group from Austria and enernvoum from Germany already joined forces in 2017 and founded a joint venture in Italy. To this day, this pursues the goal of developing so-called “grid parity” projects. With financing from Kommunalkredit Austria AG amounting to 12 million euros, projects with a total nominal output of around 600 MWp can now be finally developed in the coming years. All projects are located in central and southern Italy and thus in one of the sunniest regions in Europe.

Investments for project development difficult
Signing the contract was a special success for the two managing directors Martin Dürnberger (CCE Group) and Jörg Menyesch (enernovum). “Despite the massive trend towards renewable energies, it is still difficult to find investors for project development. We are all the happier now that we have concluded the financing with Kommunalkredit, ”report the two managing directors.

A confident look to the future
Overall, the CCE Group and enernovum in Italy currently have a portfolio of project rights of over 1.2 gigawatt peak. Investments in the development phase of projects enable the actual construction of photovoltaic power plants. In order to achieve the EU’s ambitious climate goals, many investors are required who, like Kommunalkredit Austria AG, are ready to support environmentally friendly technology as early as the development phase. Only in this way can the expansion of renewable energies continue.
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