Gilatz buys seven Italian solar energy parks

Tel Aviv, Israel - Gilatz Investments has signed two letters of intent to buy seven solar energy parks in Italy for

Gilatz will sign binding contracts after conducting due diligence on the parks. The seven solar energy parks are under construction, and cover 213,000 square meters altogether. Gilatz plans to sign an operating and maintenance contract for the parks with local companies. The solar energy parks are eligible for the Italian government subsidy of

Source: IWR Online, 26 Apr 2010