(MENAFN) Dubai's Adenium Capital, an energy investment company, has announced its acquisition of Calabria solar park in Italy, in partnership with ForVEI, aimed at doubling the capacity of its solar portfolio to 54MW, reported Arabian Business.
Jeremy Crane, COO of Adenium, is very ambitious about the USD69 million deal, as he said: "Calabria is a very attractive asset that fits perfectly with our growth expectations for the first half of 2013. We continue to be bullish on the Italian PV market and look forward to working with our partners to increase ForVEI to more than 100MW over the course of the next 12 months.".
It's worth mentioning that ForVEI is a joint venture between VEI Capital, CDC Infrastructure, Foresight Solar VCT, Quercus Renewable Energy and Adenium Solar Energy.
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