ContourGlobal and Guascor Solar have signed a contract to develop 30MW of PV projects in Italy. The first of these projects, a 6MW plant in Sabaudia, is already operational, with a building work on a second 8.5MW development in Sicily scheduled to start in early 2011. The plants will be built by Guascor and owned and operated by ContourGlobal.
“We are very excited to enter into this joint development agreement with Guascor Solar and place into service this substantial project. Our teams complement one another very well and we are looking forward to realising together our substantial pipeline in 2011,” said Joseph Brandt, ContourGlobal's president and CEO.
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“This is an extraordinary opportunity for both companies. We expect this first experience in solar photovoltaic energy to be a promising starting point for future collaborations involving the complete the portfolio in renewable energy and power system Guascor can offer,” added Jon Azua, vice president and CEO of Guascor.