Previously delayed 10MW Helios ITA-3 PV solar power project in Puglia, Italy, built by ABB for independent solar power producer, Etrion has been completed ahead of its revised schedule, according to the company. A syndicate of banks, including Natixis, WestLB and Mediocreval, provided 80% of the financing for the project with an 18-year, non-recourse loan.
“We completed the Helios ITA-3 parks ahead of schedule and under budget thanks to the hard work of our superb local team, our contractors and the local utility, Enel. Etrion now has a fully-funded, operational solar portfolio of 60 MW in Italy with significant cash flow. We continue to review opportunities for growth in Italy and abroad.”
The Helios ITA-3 project includes two 5MW ground-mounted systems using Yingli Green poly-crystalline PV modules mounted on SunPower single axis trackers with Bonfiglioli inverters.