Premier Energy secures financing from Libra Bank for photovoltaic park in Teleorman

Libra Internet Bank offered Da Vinci New Project, a company 100 percent owned by Alive Capital, in turn part of the Premier Energy PLC group, a financing of EUR 7.5 million for the construction of a photovoltaic park with an installed power of 23.1 MWh and a storage capacity of 4.6 MWh.

The project, with an estimated completion date in the first part of next year, will be developed in Nanov township, Teleorman county, on an area of approximately 25 hectares.

"The Da Vinci project is essential for us, as it is one of considerable scope, with positive and long-lasting effects for sustainable development. Therefore, identifying a partner like Libra Internet Bank has facilitated the process we have to follow in order to build the photovoltaic park," said Giacomo Billi, Founder and CEO of Alive Capital.

Source: Economica.net