REC Systems, a business unit of Norway-based REC, has developed, constructed, financed and sold – as well as received the 25-year feed-in tariff (FIT) accreditation for – the 5 MW Durrants solar power plant, located on the Isle of Wight, U.K.
The Durrants solar power plant will produce 5,400 MWh of electricity yearly and includes more than 19,000 REC Peak Energy modules, the company says. The project is among the first PV plants in the U.K. to receive project financing for the U.K. FIT scheme.
Given the changes in the FIT, REC needed to ensure a quick construction of the Durrants project in order to achieve the completion and connection of the plant to the grid by the July 31, 2011, incentive deadline, the company adds. The completion is a result of cooperation between REC Systems, Kronos Solar GmbH – which originally developed the Durrants project – and Vogt Solar GmbH, which was subcontracted to undertake the construction and systems integration.