Comal to spend EUR 16m on Italian solar panel factory – Renewables Now
Italian photovoltaic systems installer Comal SpA (BIT:CML) plans to pour EUR 16.1 million (USD 17.2m) to build a plant for the production of solar panels in its home country.
Plans for the project were unveiled during a recent press conference attended by authorities from the town of L’Aquilla.
Comal’s proposal call for the construction of a manufacturing facility in Bazzano, in the L’Aquila province of central Italy. The company anticipates to launch building activities in June 2025.
Almost half of the proposed investment amount, or around EUR 6.9 million, will come from subsidies and EUR 3 million will be sourced from bank loans and a Coma’s own resources.
Comal, which has installed over 600 MWp of solar PV capacity across Italy and South Africa, also announced the signing of a EUR-27.5-million contract to install a PV plant pm behalf of an unnamed energy company in southern Italy. The engineering, procurement, construction and management (EPC-M) deal also covers the supply Coma’s Sun Hunter PV tracking systems
(EUR 1.0 = USD 1.070)
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