Etrion Corp., an independent solar power producer, says the Nettuno solar park in Lazio, Italy, has reached completion.
The Nettuno park has a total capacity of 2.6 MW and is expected to produce more than 3.5 GWh of electricity annually, according to Etrion's calculations. The plant is also expected to generate approximately 1 million euros of earnings before interest, taxes, depreciation and amortization annually. It will receive a feed-in tariff of 0.25 euros/kWh, plus a market price of approximately 0.08 euros/kWh.
The Nettuno park is a ground-based solar photovoltaic power plant built by Phoenix Solar using Trina modules with crystalline, fixed-tilt technology and SMA inverters. A syndicate of banks, including Natixis, WestLB and Mediocreval, provided more than 84% of the financing for the project with an 18-year nonrecourse loan.