Updated: SDL and SPI to work on 100 MW of Greek PV projects

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The two companies signed the MOU with Thermi- TANEO Venture Capital Fund and AIMS-TANEO Fund. The New Economy Development Fund, or TANEO, "a Greek-state sponsored, privately funded and independently managed fund-of-funds", is the largest stakeholder in both Thermi and AIMS.

While no project specifics have been released, Mike Lambros, managing partner of SDL did tell pv magazine that a total of 14 projects are currently being evaluated, worth 58 MW. Construction, he added, will begin in 60 to 90 days, and all projects have secured a feed-in tariff of either €0.372 per kilowatt hour (kWh), or €0.351 per kWh. The photovoltaic modules, meanwhile, will come from LDK Solar.

In the statement issued yesterday, SDL said it will provide SPI with advisory services for the projects. The company added that it has already advised SPI on its entry into the Greek market, and provided financial and deal advisory, and technical oversight services. Furthermore, it said it introduced SPI to TANEO, in addition to structuring the sale, and financing of SPI’s EPC and operation and maintenance services.

Nikos Haritakis, CEO of TANEO commented, "SDL’s financial and technical expertise, coupled with SPI’s strong track record of building high quality solar projects, gives us comfort that our collaboration will be a success. We look forward to expanding this partnership to several other projects."