Etrion has completed construction of its 1MW Oria plant in Puglia, Italy. The ground-based facility, which is fitted with Siemens inverters and SunPower PV modules and tracker technology, will produce 1.7 million kWh per year. Centrobanca has provided 83% of the project’s financing with a 17-and-a-half-year non-recourse loan.
“We are pleased to announce the completion of the Oria solar park built by SunPower. We expect to connect the remaining 2MW of our SVE portfolio in Italy before the end of the year. We are happy to supply clean energy to the holiday lights in Puglia,” said Marco Northland, Etrion’s CEO.
The Oria plant will take advantage of Italy’s 2010 feed-in-tariff of €0.346 per kWh and a market price of around €0.08 per kWh.