Sunscreen is a portfolio of rooftop and ground-mounted solar photovoltaic (PV) plants in Italy and Slovakia, with a total installed capacity of approximately 112 MW. The geographically diverse portfolio has played a role in powering Italy and Slovakia’s rapidly-developing solar markets. In Italy, the PV plants are distributed across the country, while the Slovakian plants are primarily located in southern areas with irradiation levels similar to northern Italy.
Sunscreen is a strong addition to the Energy Infrastructure Partners portfolio, made possible by industrial partner and majority shareholder ContourGlobal. The power utility, headquartered in New York and Vienna, operates renewable and thermal power generation assets around the globe.
ContourGlobal benefits from a strong, proven ability to improve the operational efficiencies of acquired assets by following a well-structured integration plan. The availability of Sunscreen’s extensive operation history also reduced investment uncertainty, while partnering with ContourGlobal gave EIP the opportunity to develop a long-term strategic relationship that has since resulted in further collaboration such as Mirror.