Etrion Corp. and SunPower Corp. have signed an agreement to build two solar power plants, totaling 10 MW, in the Puglia region of Italy. Etrion will own the power plants, and SunPower will design, construct, and provide operations and maintenance services for the plants.
SunPower is installing its proprietary SunPower Tracker technology at the Italian sites.. The ground-based solar photovoltaic project is expected to produce 17 million kWh hours of electricity and 6 million euros of earnings to Etrion before interest, taxes, depreciation and amortization annually.
Construction of the solar project is targeted to begin by the end of this month. The first electricity sales from the project under the Italian feed-in-tariff regime are expected during the third quarter of 2011.
SOURCE: SunPower Corp.