SunEdison, a division of Memc Electronic Materials, has unveiled plans to complete 12 1MW solar energy plants in the province of Lecce, Apulia, in Italy and signed a EUR47m financing deal with Norddeutsche Landesbank Girozentale in Germany.
SunEdison earlier announced a 72MW photovoltaic solar plant to be built in northeastern Italy near the town of Rovigo in Europe.
Carlos Domenech, president of SunEdison, said: “The announcement of these projects, which follows another major project announced recently by SunEdison in Italy – demonstrates our deep expertise as developers of a wide range of solar energy plants, from rooftop retail facilities to large, ground-mount utility-scale operations.
“Given our financing capabilities and project skills, SunEdison plans to continue to expand rapidly in Italy and in our other targeted growth areas in the US, Canada and other European countries.”
To develop the Apulia projects, SunEdison signed the financing deal with Norddeutsche Landesbank – a bank in Germany. The SunEdison Lecce solar parks will generate power for more than 3,300 homes during their first year of operation.
Seven of the Lecce plants are already fully operational and were grid connected and sold in the first quarter of 2010. The other five plants are under construction and expected to be completed and operational by the third quarter. The EUR47m financing deal with Nord covers the majority of the 1MW plants.