Global Solar Fund closes 2017 with revenues equal to 76.7 million euros – Global Solar Fund

Global Solar Fund closes 2017 with revenues equal to 76.7 million euros

Among the first PV operators in Italy for turnover and size, GSF closes the 2017 with revenues equal to 76.7 million euros (+ 13.13% compared to 2016), with a record production of 248 GWh (+ 13% compared to 2016 and + 11% compared to 2015): the best performance of Last three years and a profit before taxes of 16.6 MM, thus completing a successful turnaround started at the end of 2013.

“The group has been through a very difficult period, but we have shown that we are able to achieve ambitious goals: the restructuring started in 2013 has produced results generating value for shareholders and allowing us to repay to creditor banks 65.5 million euro. We have successfully solved disputes generated during the previous management, we have reactivated almost all the plants and we have strongly invested in technology and training obtaining performance among the highest in the industry. In less than 4 years GSF has concluded its rehabilitation path. “, commented CEO Giuseppe Tammaro, called in 2013 to relaunch the group,” we can now continue to be protagonists in the market, ready to do our part to contribute to the goals Of the National Energy Strategy (SEN) “

Global Solar Fund in 2017 got the legality Rating. The competition Authority and the market recognized and rewarded the commitment to a proper management of the business.

10 July 2018

“Pv oil for solidarity”

Global Solar Fund's interest in developing sustainable energy continues and is based on environmental respect and solidarity. The results speak for themselves. Since 2017 GSF has committed itself to the recovery of centuries-old olive trees in Puglia, in particular in Brindisi, in the land surrounding......
"Charter for the sustainable revitalization of photovoltaics". The interviews.

The new pact for Photovoltaics, an alliance between major companies and associations to facilitate investment in the renewal and upgrading of solar power plants, has been initialled today in Rome at GSE. The “charter for the sustainable revitalization of photovoltaics” constitutes a voluntary declaration by......
Agriculture and energy: current perspectives

The objectives indicated in the Sen on renewables imply a doubling of wind power and a tripling of solar generation by 2030. The key word is therefore to accelerate, but with intelligence and the element that is increasingly decisive is the attention to the landscape.......
All promoted on 231

Already in the course of 2014 our company has adopted its own code of ethics and its own model of organization, management and Control (MOG), that is the set of rules and organizational procedures aimed at preventing the commission of offences according to D. Lgs......
All the thermography at the APP’s range

Global Solar Fund was among the first operators in Italy to apply the technology of the drones in the photovoltaic field for the thermography of the panels in order to detect any anomalies and failures. Although this type of instrumentation allows us to perform a......
Apulia, the first region with the highest photovoltaic production.

The Energy Services Manager (Gse) has published online the Statistical Report on Photovoltaic Solar 2018 which shows that “at the end of 2018 822,301 photovoltaic systems are in operation in Italy, for a total installed power of 20,108 MW (440 MW) compared to the end of......
At the start the revamping of the GSF plants

The company is managing an important monitoring activity on its photovoltaic plants with the aim to analyze its performance and to identify the problems that could reduce the performance. The opportunities for intervention for an improvement of the performance are mainly descended from the publication,......
Between less environmental impact and local projects of socio-economic development, we put into practice the sustainability

We are pleased to present our first report of sustainability 2016, a document that highlights the results achieved by Global Solar Fund in recent years starting from 2013 when, with the new Management, we started a path made of dialogue and Comparing with local communities......
Communication actions

60 liters of oil obtained from olives grown and ripened in the sun of Puglia on trees that surround our photovoltaic parks. The collection and processing took place following the most traditional milling and decanting techniques, a tribute that GSF distributed to employees in a......
Constant attention for the workers

"Dear, recognizing the importance and guaranteeing the well-being of our workers is one of the pillars of the path taken from 2013 to today. Therefore, with a view to constantly increasing corporate welfare, I am pleased to announce the signing, with effect from 1 April......