Developed by Phoenix Solar, the Nettuno solar park consists of Trina modules with crystalline, fixed-tilt technology and SMA inverters.

The Nettuno solar park, a ground-based solar photovoltaic (PV) power plant, is expected to deliver about 3.5 million kWh of clean electricity and about one million euros of earnings per year.

Etrion said the PV project is expected to benefit from the feed-in-tariff of 0.25 euros per kWh plus a market price of approximately 0.08 euros per kWh.

The PV project has received about 84% of the financing, with an 18-year, non-recourse loan, from a syndicate of banks, including Natixis, WestLB and Mediocreval.