RENEWABLE ENERGY NEWS – CLEANTECH NEWS – ENVIRONMENTAL TECHNOLOGY NEWS ESSENTIAL INTELLIGENCE FOR INVESTORS, INNOVATORS & DEAL-MAKERS
11 March 2010
Solar energy company SunEdison, a division of MEMC Electronic Materials, has received final approval from the Italian government to develop and construct a 72MW photovoltaic (PV) solar power plant in Northeastern Italy, near the town of Rovigo. When completed, this is expected to be the largest PV solar power plant in Europe.
Currently, the largest facility is a 60MW solar farm in Olmedilla, Spain, followed by a 50MW in Strasskirchen, Germany, built by MEMC through a joint venture agreement.
Power generation will begin in the second half of 2010 with final completion expected by year end, SunEdison said.
SunEdison will jointly develop the project with financing partner Banco Santander. Additional financial partners are expected to join the project for final ownership, according to the company.
‘SunEdison is focused on enabling the growth of global solar markets through strong capabilities in project finance, engineering, low-cost procurement and operations and maintenance services,’ said Carlos Domenech, president of SunEdison.
‘Veneto is taking decisive action to advance the use of clean, renewable energy sources,’ added Renzo Marangon, government official of the Veneto region. ‘At the same time, this project is expected to create over 350 local construction jobs and build expertise in advanced energy technologies. We expect Rovigo to serve as a European model for large-scale, alternative-energy projects.’
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Tags: photovoltaic, solar
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