Breaking News

Citigroup Profit Falls 96% on Costs to End Mortgage-Bond Probe
Tweet TWEET

Zongyi Builds Italy’s Largest Roof-Mounted Solar PV Plant

Jiangsu Zongyi Co. (600770), a Chinese maker of circuits and solar cells, bought and constructed Italy’s largest roof-mounted solar photovoltaic plant.

The 55 million-euro ($71 million) plant in Marche will power 4,500 homes, according to a statement from Watson Farley & Williams LLP, the law firm that advised the acquisition, construction and connection of the 13.5-megawatt project.

The plant covers the roof of industrial buildings at an unidentified company and will benefit from tariffs incentivizing solar power. It’s Italy’s largest roof-mounted PV plant, according to the statement.

Jiangsu Zongyi, based in Tongzhou, has started work on a further 7 megawatts to expand its projects in Italy to more than 50 megawatts, the law firm said in the statement.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.