Brief: Enertronica Santerno To Expand Manufacturing Activities In South Africa

Enertronica Santerno SpA

15/06/2021 16:49

June 15 (Reuters) - Enertronica Santerno SpA  ENER.MI :
    * APPROVES INVESTMENT PLAN FOR EXPANSION OF MANUFACTURING
ACTIVITIES IN SOUTH AFRICA
    * INVESTMENT TO BE WORTH AROUND EUR 1 MILLION IN TOTAL AND
TO
SPREAD OVER THREE YEARS
    * INVESTMENT PROVIDES FOR CAPABILITY OF MANUFACTURING
INVERTERS
FOR BOTH STANDARD PHOTOVOLTAIC APPLICATIONS AND FOR ELECTRICITY
STORAGE SYSTEMS FOR TOTAL POWER OF ALMOST 1 GW AND MAXIMUM
PRODUCTION CAPACITY OF OVER 500 MW PER YEAR
    * WHOLE INVESTMENT TO BE FINANCED VIA INTERNAL RESOURCES OF
GROUP
WITH NO IMPACTS ON LEVEL OF INDEBTEDNESS
    * TO BE ABLE TO DELIVER LOCALLY ASSEMBLED INVERTERS AS OF
END OF
2021


Further company coverage:  ENER.MI 

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