The project, which is expected to generate 3.5 million kilowatt hours (kWh) of energy and 1 million in earnings before EBIT annually, is fitted out with crystalline fixed-tilt photovoltaic modules from Trina Solar and SMA inverters.
According to a statement released, the solar park will receive a feed-in tariff of 0.25 per kWh, plus a market price of approximately 0.08 per kWh.
Over 84 percent of the projects investment came from a syndicate of banks, including Natixis, WestLB and Mediocreval, in the form of an 18-year, non-recourse loan. The financial sum was not divulged.
Marco Northland, Etrions CEO, commented, "We are pleased to complete the Nettuno solar park ahead of schedule, and we look forward to finishing two additional parks shortly."
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