Located near Nettuno, the project is scheduled to be completed by August 31 the deadline by which small systems and projects with existing Conto Energia III permits must be installed, if they are to avoid being counted towards Italys new 2011 1.2 gigawatt market cap.
Etrion will own the photovoltaic plant, while Phoenix Solar will design, construct and provide operations and maintenance services for it. Crystalline silicon Trina Solar modules and SMA inverters will be used in its construction.
Overall, Etrion says the project is expected to generate 3.5 million kilowatt-hours (kWh) of electricity and approximately 900,000 of earnings to the company before interest, taxes, depreciation and amortization (EBITDA) annually.
In a statement, it goes on to explain that the first electricity sales from the project under the Italian feed-in-tariff regime are expected during the fourth quarter of 2011. In terms of remuneration, the plant is expected to reap a tariff of 0.25 per kWh, plus the market price of approximately 0.08 per kWh.