Green Arrow Capital Completes Inverter Revamp with Stern Energy and SMA in Italy
Deal News | Feb 04, 2025 | Finance Community IT - 1 Corporate M&A
Green Arrow Capital, in collaboration with Stern Energy and SMA Solar Technology, has successfully completed an inverter revamp project in Italy. The initiative, aimed at enhancing performance, involved photovoltaic plants GESI 1, GESI2, GESI3, and GESI 10 in Sicily. These plants, with a combined output of 9.5MWp, supply clean energy to over 3,500 families and significantly cut CO emissions by an estimated 4,000 tons annually. The revamp included replacing outdated inverters with 66 new Sunny Highpower PEAK3 units from SMA, leveraging cutting-edge silicon carbide technology to boost efficiency and reliability, thus increasing productivity of the plants by approximately 20%. Michele Logrippo from Green Arrow Capital emphasized the strategic importance of this project in driving energy transition and enhancing Italy's energy independence.
Sectors
- Renewable Energy
- Technology
Geography
- Italy – The project is implemented in Italy, specifically across several provinces in Sicily, indicating a localized focus in this geography.
- Europe – The strategic impact of the project contributes to wider European goals of energy independence and decarbonization.
Industry
- Renewable Energy – The article discusses Green Arrow Capital's investment in photovoltaic technologies, a key component of the Renewable Energy industry.
- Technology – SMA Solar Technology's advanced inverter solutions demonstrate the significant role technology plays in the energy sector's evolution.
Financials
- – The project involves a significant upgrade and replacement of inverters, but specific financial figures are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Green Arrow Capital | Project Owner | Company | An independent Italian firm active in alternative investments, owning the photovoltaic assets in the project. |
| Stern Energy | Maintenance Manager | Company | A leading company providing services for utility-scale photovoltaic plants, managing asset maintenance since 2023. |
| SMA Solar Technology | Technology Supplier | Company | A prominent provider of inverter and integrated solutions for the photovoltaic market, supplying new inverters for the project. |
| Michele Logrippo | Chief Operating Officer, Clean Energy & Infrastructure | Person | Green Arrow Capital executive commenting on the energy transition and project impact. |