TOLO Green is a company founded in 2009 as part of the TOLO Group, already present in the market with an important track record as advisor and financial investor. The company’s aim is to develop and manage project design and production of Energy from Renewable resources.
Regarding the solar energy market, after previous group’s investments in the south of Italy (Apulia), TOLO Green promoted the Joint Venture (TRP PVE B.V.) with Shangai Aerospace Automobile Electromechanical Co. Ltd. (SAAE) and listed it in Shanghai Stock Exchange (SSE). The Chinese company is controlled by China Aerospace Science & Technology Corp. and it carries manufacturing tests on photovoltaic modules. The aim of the project was to develop the Photovoltaic market in Italy.
This investment involved 200 workers, farmers and technicians and costs of about 50 million Euro for an overall capacity of 12.8 MW.
Concerning the Geothermal Energy market, TOLO Green acquired exclusive rights and licenses needed to exploit the biggest Geothermal Energy reservoir in Hungary.
This venture arises in 1985, when an important underground reservoir with high temperature, pressure and enthalpy was found during the oil research campaign where the exploration well FAB-4 was established.
Oregon Investment Kft (67%) and Geofluidum Kft (33%) founded the company Geoblu Kft in October 2007, with the aim to develop a project for the realisation of a 67 MWe Geothermal Powerplant in Fábiánsebestyén area (Hungary).
Oregon Investment’s share was bought by TOLO Group in June 2009, and it is now held by the controlled company TRP GEO S.p.A.