Etrion Chief Executive Officer Marco Northland said: “Solar power generation will play an increasingly vital role in our efforts to build more renewable, clean energy sources. SunPower’s experienced approach to solar power plant design and construction will allow us to quickly and reliably complete these important projects.”
“SunPower offers a unique value proposition to power plant developers in terms of technology and bankability. Our proprietary Trackers optimize our clients’ return on investment while our solid balance sheet and rigorous contract guarantees give financial institutions confidence,” SunPower European Sales Director Mario Riello said. “We are very pleased to partner with Etrion to deliver clean, reliable solar power to the rapidly expanding Italian market.”
Construction of the first of the four projects is targeted to begin by the end of November 2009. The first electricity sales from the projects under the Italian feed-in-tariff regime are expected during the third quarter of 2010.
