Obton acquires co-ownership of Italian 50 MWp solar portfolio

In 2009, Obton was one of the pioneers in the Italian solar PV-market, and with this agreement in 2017, Obton further establishes itself in the market as a reliable and durable business partner.

Anders Marcus, CEO of Obton, is very pleased with the agreement, describing it as ‘exceptional’.

- We are proud of this agreement, and it sets a milestone for the company. We still have tremendous ambitions and the co-ownership of one of Italy’s largest solar PV-projects constitutes an exceptional addition to our growing portfolio which now stands at a solid capacity in excess of 300 MWp.

- The agreement demonstrates Obton’s ability to identify attractive investment opportunities, and that in a market as mature and established as the Italian. The addition of the project in Italy is a good match with our investment strategy of expanding our portfolio with solar PV-projects that show a sensible relationship between yield and risk.

The PV-plants of the project total 50 MWp and are located in southern Italy, primarily in the Apulia region. They were grid connected in 2011, providing meaningful production history regarding their ability to produce sustainable energy.