Casale solar park sold to Italian investors

21.12.2010 08.00 | pressrelease

Solar park

Casale solar park.

(Oslo, 21 December 2010) Statkraft today signed an agreement to sell its 3.3 MWp solar park Casale to the two Italian companies Eurowood s.p.a. and Blue Stream Resources s.r.l.

The transaction comprises all the shares of the Statkraft-owned company RA1, which owns the Casale solar park. As the deal was both signed and closed today, RA1 and the Casale solar park are now owned 50 percent by Eurowood and Blue Stream Resources.

The parties have decided not to disclose the value of the transaction.

“The Casale solar park is a first class set-up in the photovoltaic sector. This is a mile stone for our commitment in the renewable energy which has already started with smaller scale units. The transaction has been possible with the backup on Unicredit Leasing & Bank, Udine Branch Italy,” says Mr Giovanni Dorbolò, Vice president, Eurowood and Mr Walter Ballandino, Director, Blue Stream Resources.

Casale was finalised in 2009, and officially opened in March 2010. The park is located in the municipality of Aprilia, 60 kilometres south of Rome. The capacity of the solar park is 3.3 MWp, and the annual power production is 4.5 GWh, equivalent to the electricity consumption of 1200 Italian households.

The sale of RA 1 and the Casale solar park follows the Statkraft decision in June 2010 to focus its strategy on the core businesses of hydropower, wind power, gas power and district heating.

About Statkraft:
Statkraft is Europe's leader in renewable energy. The group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European energy exchanges. Statkraft has more than 3,200 employees in more than 20 countries.

About Eurowood s.p.a.:
Eurowood is a family owned business which is engaged in the high-quality class niche furniture manufacturing and supply. Since three years the company has decided to pursue the renewable energy sector. A branch of the group is dedicated to develop, operate and monitor P.V. plants.

About Blue Stream Resources s.r.l.:
Blue Stream is a newly established company with the scope to invest in the renewable sector. The core interest is the recovery of energy from waste.