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SunEdison completes Europe's 70MW solar power plant

Posted: 01 Dec 2010     Print Version  Bookmark and Share

Keywords:PV solar plant  photovoltaic  power plant 

SunEdison has announced the completion of construction and interconnection of a 70MW photovoltaic (PV) power plant near the town of Rovigo in Northeast Italy.

The deployment that took nine months will now be the largest single-operating PV solar power plant in Europe, followed by the 60MW solar farm in Olmedilla, Spain, and a 50MW in Strasskirchen, Germany.

Working in partnership with First Reserve, SunEdison will handle the power plant's operations and maintenance. During its first year of operation, the Rs.1,713.34 crore (276 million Euros) solar power project is projected to product enough electricity for 16,500 Italian households. The Rovigo plant is also expected to prevent 40,000 tons of CO2 from entering the air and similar environmental benefits are expected throughout the lifetime of the system. A host of European banks like Unicredit Corporate Banking, Credit Agricole, Natixis, Banco Santander and other leading European banks have stepped in for support of the plant.

"With construction completion in less than one year, we believe this deployment signifies a new milestone for the industry and will become the standard for future mega projects," said Carlos Domenech, president of SunEdison. "SunEdison has once again demonstrated its capabilities and expertise in developing large-scale solar projects while helping government agencies promote renewable energy initiatives."

"SunEdison has proved it is highly efficient and reliable as a leader in executing large scale solar projects like Rovigo," commented Mark Florian, MD of First Reserve Energy Infrastructure. "We are proud to add this flagship project to our energy infrastructure portfolio and look forward to developing new opportunities for our joint venture with SunEdison in the future. The combination of a strong regulatory environment, a stable tariff regime and reliable solar exposure are attractive characteristics for the Italian solar market."

"The deployment of the Rovigo project within this timeframe was made possible thanks to the commitment of our project partners and local and regional authorities," said Pancho Perez, GM of SunEdison EMEA. "This project is a fine example of SunEdison's commitment to the continued development of the solar PV sector in Italy and the EMEA."

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