€80 million secured for 48 MW PV project

The project is scheduled to be connected to grid by the end of August 2011 and will be at full capacity by the end of 2012.

The company has announced also that 36 MW of Trina Solar polycrystalline modules will be used in the project. The use of Trina Solar modules expands the supplier base used by S.A.G. Solarstrom. The 12MW already connected came from Yingli.

S.A.G. Solarstrom told pv magazine that it is considering using Trina Solar as a supplier in the future. "We don’t buy spot. Trina offers excellent product quality, the modules deliver a very good performance ratio and Trina offers an attractive price to performance ratio," it said in response to enquiries.

Due to the photovoltaic regulatory changes in Italy, in the form of the Conto Energia, S.A.G Solarstrom accelerated the project to have it grid installed almost five months before previously planned.

The plant will be located in Serenissima, in the northern Italian region of Veneto which is deemed attractive to investors because of its central European location and attractive irradiation levels.

The project is intended for sale and S.A.G. Solarstrom said that sale is imminent. S.A.G. Solarstrom also told pv magazine that have an attractive roof-top project pipeline in Italy but believe that the ground-mounted market is not looking as attractive.