TEP acquires 2 Italian PV plants

Located in Basciano (Teramo) and Cupello (Chieti) in Italy’s Abruzzo Region, a spokesperson tells pv magazine each project is worth one MW. Although the company is not at liberty to disclose any economic or financial details, it did say that the plants were completed last March and September respectively.

While BP Solar developed and built the plants, Irish investment company TEP will now run them. Expected electrical output of each plant is estimated to be more than 38,200,000 kilowatt hours over a 30 year operational period.

BP Solar Italia Country Manager Gianni Chianetta commented: "Investment by TEP Solar confirms the attractiveness of Italian solar business for high-level international investors that consider BP Solar a reliable partner with whom they can grow and develop in the future."