Fotowatio Renewable Ventures (FRV) is to develop a 10MW photovoltaic power plant in Fiumicino, Rome. The facility will be developed in partnership with Turin-based Solesa Green Power and once complete will be one of the largest in Italy, reports solarbuzz.
FRV and Solesa Green Power have secured project financing for the deal from international financial institutions in the renewable energy sector.
“Our investment in what will be the largest solar project in Rome province demonstrates our long-term commitment to Italy,” said Andrea Fontana, country manager of FRV in Italy. “In addition to our five 1MW solar power plants we successfully completed in Puglia, this new deal strengthens our position in Italy as a major solar project developer. It also will help Italy increase its energy production from carbon-free sources.”
The companies expect to begin construction of the plant, which is commissioned to Siliken, by April 2010, aiming for completion by the end of the year. Once complete the facility will have an expected production of 14 million kWh of electricity.