SPI Solar recently entered a purchase agreement with the Greek Thermi-Taneo Venture Capital Fund. Thermi-Taneo will acquire three PV projects in the Evros region totalling 7.4MW from SPI. The purchase includes the permits to construct the PV plants as well as the land lease. Further, SPI will act as the EPC contractor for the 7.4MW PV projects, which are expected to complete construction in late 2012.
“We are very pleased to be working with Thermi on the development of these initial projects in Greece,” Steve Kircher, CEO for SPI Solar said. “Beyond these three projects, we look forward to working with the team at Thermi-Taneo Venture Capital Funds as we work together to expand our development plans across Greece.”