Shanghai Solar Energy Science & Technology in Shanghai, China is set to supply the panels for the construction of the plants, which will be located in the Municipality of Milis (Province of Oristano). The plants are expected to be commissioned between the end of this year and the end of the first quarter of next year.
??TerniEnergias chairman and managing director, Mr. Stefano Neri, commented: This international contract is significant under an economic viewpoint. It projects our group into the world photovoltaics market and strengthens the collaboration already started with TOLO Group at the beginning of last February. This work order is a further piece of our project of growth that we aim at reinforcing through the share capital increase transaction that the companys shareholders meeting recently approved.
CEO of TRP-SAAE joint-venture, Mr. Gilberto Gabrielli, added: This significant investment, that positively consolidates our relationship with TerniEnergia, financed by China Development Bank and organized availing of Tolo Groups Italian experience, is an important example of Italian-Chinese technologic, financial and business cooperation in this field. The above mentioned joint-venture company has in the pipeline investments for further 17 MW for the year 2011.
Milis Energy SPA is owned by TRP PVE BV, the joint venture company incorporated by the Italian company TRP – Technologies and Resources for the Planet, belonging to Tolo Group- and the Chinese company SAAE (Shanghai Aerospace Automobile Electromechanical Co., Ltd).