Avelar Energy was established in December 2006, as a European energy company with headquarters in Zurich, Switzerland. Since then Avelar has achieved leading positions in the conventional and renewable energy sectors in Italy and initiated projects in several other European countries. Avelar is present in the Italian conventional energy market through Energetic Source Group, an important vertically-integrated player. In the renewable energy Avelar developed and sold to investors wind projects in Italy and is now focusing on the solar energy market, where it achieved leading positions in the project development sector in Italy and in the engineering, procurement and construction services for solar parks. Avelar is now diversifying also globally, starting activities in such countries as the Republic of South Africa, India, Russia, Pakistan and others, in order to take advantage of the worldwide growth of the solar energy market.