United Solar will supply 6MW of PV for Winch Energy’s 9.7MW portfolio of solar plants. The projects, based in Puglia, Italy, will be built by Global Energy Services and are expected to be connected to the grid by March 2011, thus benefiting from the 20-year Italian feed-in tariff.
The projects will help to reduce annual carbon emissions by 9,000 tonnes and generate enough energy to supply 3,200 homes.
“These large-scale multi-site projects are a further demonstration of United Solar’s ability to supply premium, technologically-advanced PV for the international marketplace,” said Mark Morelli, president and CEO of United Solar’s parent company, Energy Conversion Devices.
United Solar has received financial backing from Ampere Equity Fund and Investec Bank, with Ampere recently becoming majority stakeholder and Investec handing debt financing.
“This portfolio of projects additionally provides United Solar the opportunity to partner with two of the world’s premier financial institutions, which enhances Uni-Solar’s bankability. Investec and Ampere are examples of high-quality financing sources that have chosen to invest in Uni-Solar products, which have met their technical and financial investment criteria,” added Morelli.