Novavis Group and Iberdrola Partnership: Expanding the PV Farm Portfolio

Novavis PV farm portfolio in partnership with Iberdrola

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For the remaining projects (79MW of capacity), the Group is considering bringing them to the construction-ready stage and selling them to entities interested in developing them (then market prices of EUR 140,000- 180,000/MW).

All NG SPVs (photovoltaic farms) are 100% owned by Novavis Group. Voolt does not own shares in the SPVs. Novavis is unlikely to want to undertake the physical implementation of PV projects on its own due to the need for a high commitment of funds and the lack of its own facilities for construction work.

The company is willing to undertake investor supervision services for the project during its implementation, if there is a willingness on the part of the ordering party.

 

Historically, Novavis has led the implementation of smaller installations on store rooftops (100 Dino stores), or the supervision of a 49 MW installation in Zgorzelec. In the coming quarter, the conclusion of new lease discussions with owners of land with significant acreage for the development of PV projects cannot be ruled out.