In addition to a recently announced 72MW photovoltaic solar plant to be built in northeastern Italy, SunEdison has also announced a further 12 projects, all of 1MW each, in the popular PV power plant location of Apulia. Seven of the plants are already fully operational and were grid connected and sold in the first quarter of 2010. The other five plants are under construction and are expected to be completed and operational by the third quarter. The plants are all based in Lecce, Apulia region of Italy. The projects total a €47 million financing deal from Norddeutsche Landesbank Girozentale in Germany.
“The announcement of these projects, which follows another major project announced recently by SunEdison in Italy – demonstrates our deep expertise as developers of a wide range of solar energy plants, from rooftop retail facilities to large, ground-mount utility-scale operations,” said Carlos Domenech, president of SunEdison. “Given our financing capabilities and project skills, SunEdison plans to continue to expand rapidly in Italy and in our other targeted growth areas in the United States, Canada and other European countries.”
Heiko Ludwig, head of Energy Origination Europe for NORD/LB, commented, “Considering the intricate nature of the financing for the portfolio, NORD LB advised SunEdison on an efficient and financeable cross border structure for its Italian portfolio. The financing of renewable energies is one of the NORD LB Group’s key areas of business growth and the partnership with SunEdison allows us to demonstrate again our leading position in project financing in the solar sector across the world.”
The SunEdison Lecce solar parks will generate power for more than 3,300 homes during their first year of operation.