November 5, 2009
Berlin,
Germany: Solon Selected to Construct 11MW PV System
SOLON
SE has been selected to build another turnkey, 11 MWp solar power
plant in Spain. The contract was awarded by Renewable Energies
and Photovoltaics Spain S.L. (REPS), a majority owned subsidiary
of the Norwegian energy company Statkraft AS.
The
solar power plant will be erected in southern Spain, in the Andalucian
town of Espejo and will incorporate SOLON Single Axis tracking
photovoltaic systems. Along with power plant planning and installation,
the contract also covers subsequent maintenance and operation
of the installation. The agreement will be effective as soon as
the project is granted Guarantee of Power and the final investment
decision has been taken by REPS.
The transaction represents an expansion of the business relationship
between SOLON and Statkraft and will ensure additional project
volume for SOLON in the Spanish solar market. In June, the two
companies had announced the conclusion of a framework agreement
on the implementation of power plant projects in Spain for a total
output of 40 MWp by the end of 2011.
Statkraft
is Europe's largest renewable energy company. The Group develops
and generates hydropower, wind power, gas power and district heating,
and is a major player on the European power exchanges. Statkraft
also develops marine energy, osmotic power, solar power, and other
innovative energy solutions. In 2008 Statkraft posted gross operating
revenues of EUR 3.1 billion. The group employs 3,200 staff in
more than 20 countries.
Further details about: SOLON SE
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