One Billion Euro: Enerqos and NextEnergy Capital sign the single largest European contract for solar power plant installation

London/Milan, June 12th, 2008 NextEnergy Capital, the European merchant bank focused on the renewable energy sector, and Enerqos, the solar power plant construction company, announced today the signature of the largest European contract in the solar energy sector.

The contract creates a platform for the acquisition and development of a portfolio of solar power plants for NextEnergy Capital in Europe over the next five years. NextEnergy Capital’s overall investment will be in the range of €1.0bn. Enerqoswill supply turn-key solar power plants using the latest technologies, among the others, its new revolutionary biaxial solar tracker system, taking care of procurement and construction as well as operation and maintenance for a 20-year period.

A centralized management and control centre, based on Enerqos’ proprietary systems, is being created to offer advanced operation and maintenance services to all Enerqos’ customers. The first power plants in Italy and Greece have already been identified and designed, and NextEnergy Capital and Enerqoswill shortly announce the beginning of the construction phase.

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