TEP Solar Acquires Two BP Solar Plants In Italy

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BP Solar and TEP (Solar Holdings) Ltd., an Ireland-based company, have signed an agreement under which TEP Solar will acquire two solar PV plants in Italy developed by BP Solar.

The plants are located in Cupello (Chieti) and Basciano (Teramo) in the Abruzzo region. Expected electrical production of each plant is estimated to be more than 38,200,000 kWh over the 30-year operational period.

Plant construction was completed in March 2010 in Basciano and September 2010 in Cupello.

SOURCE: TEP Solar

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