Photovoltaic (PV) solar developer SPI Solar has partnered with Thermi-Taneo Venture Capital Fund to design and construction of 7.4MW solar power plant in Greece.

The company will act as an engineering, procurement and construction contractor for the project.

As per recently signed purchase agreement, Thermi will buy ownership of the three projects in the Evros region of Greece from SPI.

Under the terms of the agreement, the developer sells each of the three projects which include land-lease agreements and related permits to build the three solar energy facilities.

All the ground mount solar systems are scheduled for completion in the second and third quarters of this year.

SPI is also collaborating with its local sales representative and distributor, SDL Solar who is providing advisory services on the projects.

Thermi is part of the New Economy Development Fund known as the Taneo Fund, which is the largest shareholder of Thermi.