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."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.