Power Clouds (TKR: PWCL) is a US listed public company, that develops, owns and operates Utility Scale Solar projects internationally that provide clean energy to national power grids under long term, government supported, fixed price contracts. The Company currently has operational plants in Romania (6.1MW) and recently completed the acquisition of two operational PV parks in Italy (1.7MW), with additional 12MW of PV parks under exclusive contract for immediate close and a pipeline of an additional 80MW for 2018.
Power Clouds acquires multiple independent solar parks within several countries so that income streams are generated from a diverse portfolio rather than a few large parks within one regulatory regime. In-country diversification of plants coupled with international diversification ensures that the economic, environmental and financial risk is spread out over multiple jurisdictions. Company strategy is that no more than 25% of group revenues will come from a single geography in medium term and beyond that the target is less than 15% from a single geography.