Photon Energy Installs Rooftop PV Array In Italy


Photon Energy says it has completed and connected its first photovoltaic rooftop installation in Italy, expanding its own proprietary portfolio to over 25 MW worldwide. The rooftop installation in Verderio Inferiore, Lecco, Italy, with total installed capacity of 261 kW, was designed and completed by the company's fully owned subsidiary Photon Engineering SRL.

Connection was originally scheduled for December, but by connecting the system to the grid on Nov. 30, Photon Energy was able to secure a feed-in-tariff (FIT) rate of 0.265 euros/kWh – 0.02 euros higher than the December FIT, on top of the electricity sales revenues of 0.1034 euros/kWh. Thus, given the estimated annual production at 315 MWh, the rooftop installation is expected to annually generate over 116,000 euros in revenues, according to the company.

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