PV Investment Tour in Spain explores investment opportunities in solar parcs

PRLog (Press Release) – Rotterdam, 2 July 2007 -- Following the enormous growth in real estate, the booming Spanish PV market now offers interesting potential for investors to put in their money. From 23 to 25 of July, SolarPlaza organizes a tour in which PV project developers in Spain will present themselves to (foreign) investors. This mission will include visits to reference projects of the PV developers and a general introduction about the recently updated Renewable Energy Law (Royal Decreto). Invited to join this matchmaking event are investors looking for projects of more than 1 MW that will be developed within one year. The organisation is in the hands of SolarPlaza. This company has previously organised 6 international PV trade missions to countries like Spain, China, Italy, Greece and in June 2006 to California. SolarPlaza selected PV project developers from their personal network in Spain to promote their projects.

With the attractive financial incentive scheme, the Spanish PV market is likely to become the world’s second largest PV market in 2007. The Royal Decree 661/2007 guarantees a high feed-in tariff for solar electricity generated in solar parc projects over a period of 25 years. These projects are developed to generate a financial return on investment of more than 10%. With 80% financing or different constructions, this percentage can be leveraged to over 20%. There are indications that the market size in Spain will be more than 250 MW of mainly large power plant projects in 2007. This would imply a growth of more than 400% compared to 2006. The purpose of this investment mission is to explore investment opportunities for the investors and establish personal relationships with the PV project developers
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Participation is open for international investors with equity reserves to finance PV projects starting at 1 MW. This event will include informal lunches and dinners for personal networking. As proven in previous business tours, the intensive contacts with other committed international business people will offer an effective and enjoyable way to explore business opportunities. Not only during the presentation session, but even more during discussions, informal dinners and the joint travelling.

Cost
The all-inclusive fee for the completely organised PV-Investment tour is € 1,450, including the stays in a 4-star hotel, dinners and all local travel arrangements. The details and a registration form are available on the website www.solarplaza.com.