Comprised of two five MW ground-mounted solar parks – named Brindisi and Mesagne – the systems are expected to generate 16.8 million kilowatt hours (kWh) and 5 million of EBITDA annually.
They were installed by ABB, and are comprised of polycrystalline photovoltaic modules from Yingli, which are mounted on SunPower single axis trackers with Bonfiglioli inverters.
According to a statement released, the project will receive a feed-in tariff of 0.25 per kWh, plus a market price of around 0.08 per kWh.
The financial sum invested in the project was not disclosed. However, it was said that 80 percent of the financing came from a syndicate of banks, including Natixis, WestLB and Mediocreval, in the form of a 18-year, non-recourse loan.
Marco Northland, Etrions CEO, commented, "We completed the Helios ITA-3 parks ahead of schedule and under budget thanks to the hard work of our superb local team, our contractors and the local utility, Enel.
"Etrion now has a fully-funded, operational solar portfolio of 60 MW in Italy with significant cash flow. We continue to review opportunities for growth in Italy and abroad."
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: email@example.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.