SunRay Renewable Energy and SunPower Corp. have signed an agreement to build a 24 MW solar electric power plant in Montalto di Castro, Italy. The 80-hectare Montalto di Castro solar project is being financed by a consortium of primary international and Italian banks.
SunRay is the developer and owner of the project and selected SunPower to design and construct the power plant and provide ongoing operations and maintenance services. This project is the first phase of a planned 100 MW development that is expected to be fully operational in 2010.
SOURCE: SunPower Corp.