Upsolar Unveils Projects in Belgium and Croatia

Upsolar, a provider of solar PV modules, is announcing the completion of new projects in Belgium and Croatia that were developed in partnership with the Belgium-based engineering firm Upgrade Energy.

PARIS – June 24, 2014 – Upsolar, a leading provider of solar PV modules, today announced the completion of new projects in Belgium and Croatia, developed in partnership with Belgium-based engineering firm Upgrade Energy.

The companies first collaborated on a 1 MWp ground-mounted system in Mouscron, Belgium. Upsolar and Upgrade Energy invested in equal parts in the development of this project, which provides 100 percent of the electricity needed for a nearby factory owned by Gramybel, a leading producer of potato granules and flakes for the food service industry.

Additionally, Upsolar and Upgrade Energy recently completed a 653 kWp rooftop project in Oriovac, Hrvatska, Croatia, developed through a joint venture called Divali. Divided across two systems, the project is composed of 2584 Upsolar polycrystalline modules. Non-recourse financing was provided by Hypo Alpe-Adria-Bank.

"These projects underscore Upsolar's ability to deftly enter new territories and support the adoption of renewable energy in underserved regions," said Sebastien Prioux, General Director of Upsolar Europe. "Belgium and Croatia are ripe with opportunities for solar power, and with strong partners like Upgrade Energy at our side, we will work to expand access to clean energy around the world."

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