Phoenix Solar built the park using Trina modules with crystalline, fixed-tilt technology and SMA inverters. A syndicate of banks provided more than 80 percent of the financing for the project with an 18-year, non-recourse loan.
The project is expected to produce over five million kilowatt hours (kWh) of electricity and approximately 2 million of earnings before interest, taxes, depreciation and amortization per year. Moreover, it is expected to benefit from the 2010 feed-in tariff of 0.346 euros per kWh, plus a market price of approximately 0.08 euros per kWh.
Marco Northland, Etrions CEO, commented: "We are pleased to announce the completion of the Borgo Piave solar park in Italy. We are exiting 2010 with 47 megawatts (MWs) operational, 10 MWs under construction and 200 MWs of development pipeline."