New Company Launched to Drive Large-Scale Solar Adoption
A new company has been formed by Spanish investment company Everwood Capital and renewable energy projects developer Prodiel Group to accelerate the global race to clean energy adoption.
The launch of the new company falls under efforts by Prodiel Group and Everwood Energy, through its investment vehicle Fund V, to ensure the growth of the photovoltaic market internationally. However, the main focus will be on the leading European markets and selected Latin American markets.
The new company will focus on addressing market barriers throughout the entire value chain from funding to project design, implementation, operation and management.
Everwood Energy and Prodiel Group will each own a 50% stake in the new company, DVP Solar. Prodiel Group will provide its experience in projects development and management, whilst Everwood Capital its financial capacity for the success of DVP Solar.
The company has launched with over 70 multi-disciplinary professionals and is managed at the executive level by Eduardo Criado, the CEO of DVP Solar who has an executive background in the international energy sector.
DPV Solar chairman, Ángel Haro, said: “DVP Solar is backed, on the one hand, by the track record and sector knowledge contributed by an entity such as the Prodiel Group, which provides DVP Solar with its development team, and, on the other hand, by the financial capacity and experience in investments and asset management offered by Everwood Capital”.
DVP Solar has projects in Spain, France, Germany, Italy, Colombia and Peru and is currently managing 5GW in grid-connected photovoltaic energy and a further 2GW in projects at the initial development stage, with an additional 3GW in growth expected in the next few years.