May 3 (Renewables Now) - UK-based solar power company Solarcentury on Wednesday announced it is expanding its operations into Italy, where it says developments in the sector are expected to increase significantly over the next decade.
“The Italian solar power market is now entering a very exciting stage. Just as we’ve seen elsewhere across Europe, solar in Italy no longer requires subsidies to be competitive, making this market an increasingly attractive choice for investors,” CEO Frans van den Heuvel said in a statement.
Solarcentury plans to work with local development partners, according to the announcement.
The company has operations in 10 international markets and has a global pipeline of about 5 GW. Apart from Europe, the firm is also active in Latin America and Africa.