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July
19, 2010
Sulzemoos,
Germany: Phoenix Solar to Build 3.5MW PV System in Italy
Phoenix
Solar has been commissioned by Etrion Corporation, a Canadian
energy company, as general contractor for the turnkey construction
of a 3.5 megawatt (MW) ground-mounted photovoltaic plant in Borgo
Piave in the Lazio region of Italy. The contract value is approximately
EUR 10 million.
Phoenix
Solar is responsible for the planning and construction of the
solar power plant. After the plant has been commissioned, Phoenix
Solar will also provide Etrion with operation and maintenance
services. Trina Solar crystalline solar modules and SMA inverters
will be used for the plant. Construction work has been scheduled
to start in August 2010 to enable the plant to be connected to
the grid by the end of the year. The plant will generate and supply
approximately 5 million kilowatt hours per year of environmentally
friendly electricity to the grid.
Marco
Northland, Chief Executive Officer of Etrion, commented as follows:
“We are pleased to partner with Phoenix Solar on this project
and look forward to expanding our relationship in the near future.
The 3.5 MW solar plant in Borgo Piave is part of our internal
development portfolio and demonstrates our Italian team’s execution
capability converting business development pipeline into installed
megawatts."
Ulrich
Reidenbach, Chief Sales Officer of Phoenix Solar AG, said, “We
are delighted that Etrion has chosen Phoenix Solar for our expertise
in constructing large scale solar parks. We hope to continue our
cooperation in the near future with additional projects.”
The
law in Italy on feed-in tariffs for electricity generated from
solar plants is one of the most attractive in Europe. Remuneration
is paid for a period of 20 years from the time when a plant is
commissioned. The feed-in tariff for projects built in 2010 is
EUR 0.346 per kilowatt hour. In addition, Etrion can sell the
electricity at a market price of approximately EUR 0.08 per kilowatt
hour.
Further details about: Phoenix
Solar
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