PFALZEN, ITALY, November 20, 2015 /24-7PressRelease/ -- The US-Italian Solar Company "Solar Power Holding, LLC" announced today that it is launching a seed round funding campaign using the crowdfunding platform www.equitynet.com effective August 17, 2015. The company is targeting to raise up to US$ 2,750,000 to launch to purchase and operate photovoltaic plants in Italy.
The company will become active in the photovoltaics (PV) market in Italy. The key individual of the company is its CEO, Simon Grossgasteiger, who has many years of expertise and is fully familiar with the Italian market. To complement the company's core competencies, cooperation with the following two companies will be entered into: Windsolar GmbH, Italy, and Verotec GmbH, Italy.
Solar Power Holding, LLC will produce 13 GWh of solar power annually in Italy.
Italy has the electric power market with the highest prices in Europe and is growing by 6 to 9% annually.
Solar Power Holding, LLC will acquire non-performing, undervalued operating companies of PV plants (mergers & acquisitions). Maintenance of the PV plants will be performed in cooperation with Windsolar GmbH and Verotec GmbH. The Italian Gestore Servizi Energetici (GSE) guarantees that it will purchase the power generated at set prices. Since existing PV plants are already connected to the grid and the purchase of the power is guaranteed, further measures for transferring the generated power or for distribution will not be required.
Non-performing, undervalued PV plant operating companies will be acquired, updated, and optimized. This is more profitable than building new plants. The acquisition will be performed in three steps: due diligence, acquisition, and updating and optimizing. A due diligence process has already been performed, and data are already present on operating companies that can be taken over.
For realizing the business goals, $27.5 million will be invested in acquiring existing PV plant operating companies.
The planned sale of solar power will result in annual sales revenues of $4.54 million. Based on the profit and loss statement, after initial losses in the amount of $105,600 in 2015, the profitability threshold will already be attained in 2016. After that, a rate of return of 14% will be realized according to the plan, and the contractual dividend will be disbursed to the investors. Liquidity will be secured by equity and debt capital. The investor capital (crowdfunding) attained will be completely repaid when the exit date has been reached on December 31, 2020.
Due to existing environmental legislation, the Italian solar market provides robust investment opportunities with a very low-risk business model. PV plant returns are at least 14%, and they are among the most interesting types of investments within the realm of renewable energy in Europe.
About Solar Power Holding, LLC:
Solar Power Holding, LLC was established on April 02, 2015 as an LLC with its registered office in Newark, Delaware (USA). The founder and the key individual of the company is its CEO, Simon Grossgasteiger, who has many years of expertise and is fully familiar with the Italian market.
For more information, please visit: https://www.equitynet.com/c/solar-power-holding-llc and the YouTube-link: https://youtu.be/4NbvLkqgZYMand our Investor-Pitch-Deck at: http://de.slideshare.net/SimonGrossgasteiger/slideshelf
Contact:
To learn more, please contact me:
CEO - Solar Power Holding, LLC
Mobile: +39 - 34 - 609 77 585
Email: [email protected]
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