S.A.G. Solarstrom AG to implement 48 MWp large-scale PV project in northern Italy

The project will be managed by Solarstrom, who says it will work together with its cooperation partner, Solibra Solar Solutions GmbH, Lahnstein. In a statement, the company said: “Solarstrom will apply financial resources ?from the refinancing of completed projects in the first stage. Work on implementation planning is currently ongoing at full power.” The system will cover an area of 150 hectares.

All approvals have been granted, so that work on construction of the power plant can be started. In order to enable a fast, secure mains connection of the system, the company is building its own transformer substation that will allow the system to be connected directly and the electricity to be fed into the high-voltage grid. It is planned to sell the transformer substation to the Italian company Terna S.P.A. after the project has been completed.

The project will be implemented in 2010 and 2011 and substantiates the forecast for 2010 with sales of between €190 million and €210 million and an earnings before interest and taxes (EBIT) of between €8 million and €11 million.

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