Agreement Includes Seven Sicilian Solar Plants
SunPower Corp. ( SPWRA, SPWRB) and Sol.In.Build Srl, a majority owned subsidiary of Veronagest SpA, today announced an agreement to build seven solar photovoltaic (PV) power plants totaling 16.5 megawatts in the Sicily region of Italy. Located on a combined total of 63 hectares, and will be complete by September 2010. Up to 50 jobs are expected to be created during construction.
The construction will be financed by a pool of leading Italian and international banks including Societe Generale, Unicredit Medio Credito Centrale and Dexia.
"SunPower's high-efficiency solar technology makes sense for these projects because it can be constructed quickly anywhere, including on the very sloped terrain at some of these sites," said Veronagest Chief Executive Officer Alberto Malagodi. "As a result, we will optimize energy production, helping to meet our financial objectives and Italy's renewable energy goals."
prnewswire.com
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