Enertronica acquires a second 6MW photovoltaic farm in Namibia and confirms the started business line

Enertronica, a company operating in renewable energy and energy saving sector, in design and production of electric-mechanical systems, communicates that it has finalised the acquisition of a second 6MW photovoltaic farm in Namibia – in the district of Okatope.
The acquisition was carried out through the purchase of 70% of Unisun Energy Pty Ltd shares, a corporation under Namibian law, that is in possession of the authorization securities and the incentive tariff (Power Purchase Agreement) signed with NamPower (Namibian electrical services management company). The incentive tariff for the photovoltaic farm will be valid for 25 years and it will be equal to 1,37 Namibian dollars for every kWh produced. The incentive tariff will take advantage of the annual growth increase related to the energy price increase on the Namibian market.
Further to the acquisition of the vehicle company, Unisun Energy, Enertronica SpA will be responsible for realising, in accordance with manners EPC requires, the plant with an investment that will later be financed by the local banks. The investment will amount to € 7 million and it will be achieved by the first quarter of 2017. The activities of EPC will be carried out by the Enertronica subsidiary Sa Pty Ltd, a company established under South African law, that is currently involved in building two photovoltaic power plants in South Africa with a total capacity of about 177MW. Moreover, all the anchoring systems, including mono-axial tracking systems, will be realized by the EMS Pty Ltd company, another subsidiary of Enertronica Group.