Italian Solar Farms
The 1MW installations are the first of a series planned aspart of an agreement signed last year for a total investment of 1 billion eurosat European level.
Milan, 10th June 2009 -NextEnergy Capital, the European merchant bank specialising in renewableenergy, has chosen Italyfor its next solar power investments. In recent weeks Enerqos has given thegreen light for work to start on the construction of the first four solar farminstallations in Apulia, Italy. An agreement signed betweenthe two companies on the 12th June 2008 outlines the construction of solarfarms in Europe for a total investment of 1billion euros. The value of these initial projects is approximately 20 millionEuros.
The construction of the four farms, each with a 1 MW productioncapacity, will be undertaken by Enerqos and will use the latest technology toensure both maximum facilities performance and the highest return on investmentpossible.
In particular, one of these farms will feature the biaxialSolar Totem® tracking technology, patented by Enerqos, which will allowperformance to be increased by 38% compared to conventional fixed mountingsystems.
All solar farms will be equipped with a sophisticatedremote-management system, based on the Osiride PVE™ operating system alsopatented by Enerqos, to provide advanced service management for monitoringperformance and the timely detection of any operational anomalies.
With its significant experience as an EPC contractor,Enerqos will manage all phases of construction: development and design,procurement of materials, systems-building/ management, maintenance and atwenty year performance guarantee in collaboration with a major Europeanfinancial institution.
“Our partnership with NextEnergy Capital confirms ourreputation as a leading actor on the European photovoltaic landscape,”commented Marco Landi, President and co-founder of Enerqos. “Our experienceallows us to offer clients a turnkey service of the highest level including anoperation and maintenance service and performance guarantee. Therefore, we areable to design and install high-efficiency solar farms that are not onlyextremely cost-effective but also give a faster return on investment. We expectconstruction to have been completed and the installations fully operational byautumn,” he added.
“The construction of these installations is the first stepof a long-term partnership with Enerqos,” comments Stephen DM Sommadossi,co-founder of NextEnergy Capital. “Our expansion into Italy has ledto the creation of these solar power installations which will guarantee ourplace among the undisputed leaders of the market by 2010,” he added.Underthe agreement with Enerqos, NextEnergy currently has licensing permission underway for additional facilities in Apulia and Sicily, of which 37 MW will startconstruction later this year. Enerqos will also build additional plants forNextEnergy in Greece and France at alater date.
