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Size:
48MW
Type:
Ground Mounted
Status:
Completed
SAG Solarstrom has sold its 48MW Serenissima PV plant in Northern Italy to an unnamed institutional investor. The purchase contract, valued “in line with the market rate in the triple-digit million-euro range”, was signed on December 31, 2011 and is subject to the usual conditions precedent. Serenissima is the largest PV installation built by SAG Solarstrom to date, and its 200,000 ground-mounted solar modules will produce more than 64 million kWh of electricity per annum. The system was connected to the grid in late summer, thus meeting the August 31 deadline for Italy’s old feed-in tariff rate. Much of the funding for Serenissima came in the form of an €80-million financing commitment from Deutsche Bank.
| Site size | Undisclosed |
| Cost | Undisclosed |
| Equipment | 200,000 ground-mounted Trina and Yingli Green modules |
| Completion date | August 2011 |
