2009 12 17 - Press release - Prothea completes its first round of equity fundraising

Prothea completes its first round of equity fundraising and start up Prothea Solar to develop a pipeline of 20MW solar energy projects in Italy, France and the Mediterranean area.

Prothea completes its first round of equity fundraising and start up Prothea Solar to develop a pipeline of 20MW solar energy projects in Italy, France and the Mediterranean area.

Prothea Solar has been established in November 2009 as the solar PV development and investment wing of Prothea, after successful completion of the first round of equity fundraising.
The mission of Prothea Solar is to become a relevant green power producer with a vision to develop, build and operate over 20MW of solar PV assets over the next 2 years.
Principal geographic focus is on the Italian, France and other Mediterranean Solar PV markets.
Prothea Solar has already started the development of its first 3 projects in Italy (Regions of Lazio, Molise and Calabria).

About Prothea

Prothea is a greenfield developer and turn key provider of solar energy power plants.
We are based in Italy (Milan and Lecce) and UK (London) and active in Italy, France and other Mediterranean countries.
With our technical, project management and financial skills, we are active in every segment of the project development chain:
- Feasibility analysis (technical and financial)
- Environmental assessment
- Project design and engineering
- Permitting
- Technology procurement and PPA negotiation
- Finance structuring and fund-raising
- Construction
- Operation & Maintenance
We are currently developing various projects in Italy and France - for a total of 55MW - at different stage of development.

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