Under the agreement, valued at a total of about EUR300m, the companies intend to develop 100MWp of rooftop PV installations from this year to next year.

The collaboration will combine Mabo’s expertise in low thermal waste buildings together with Enfinity’s experience in the development, financing, construction and management of PV systems.

Under the agreement, Mabo Group will identify areas suitable for the development of the projects, conduct feasibility studies and perform all the necessary site acquisition tasks.

Enfinity, as the engineering, construction and procurement contractor, will undertake the construction of the PV plants and the subsequent operations and maintenance services.

Italy-based Mabo Group chairman Robert Falsini said since 2000, the company has been designing and constructing buildings that can produce energy independently and direct any excess energy generated into the grid.