German Payom Solar to invest in own solar power plants

Jul 26, 2011 - German photovoltaic systems installer Payom Solar AG (ETR:P1Y) announced today that it will start investing in own solar power plants.

The company has already launched construction of two solar power plants in the Italian province of Novara. Construction work is expected to be completed by the end of August, Payom Solar said. Each of the solar plants has a capacity of 1 MWp.

The plants will be managed by Payom's Italian subsidiary -- Solen Energy Italia.

Payom Solar financed the two free-field solar plants with the proceeds from its bond issue, the company said.

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Published Jul 26, 2011 14:48 CEST

Author Ivelina Slavova

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