SunEdison will jointly develop the project with financing partner Banco Santander. Additional financial partners are expected to join the project for final ownership.
Power generation will begin in the second half of 2010 with final completion expected by year end. In the first full year of operation, the system will generate sufficient energy to power 17,150 homes and avoid 41,000 tons of CO2.
Carlos Domenech, president of SunEdison, said: “SunEdison is focused on enabling the growth of global solar markets through strong capabilities in project finance, engineering, low-cost procurement and operations and maintenance services.’’
Pancho Perez, general manager of Europe and MENA region at SunEdison, said: “A critical element of our approach is working closely with the right partners, including developers, suppliers and contractors. For the Rovigo project, we selected Isolux Corsan, a large-scale infrastructure construction company with a strong track record in utility-scale solar plants.”
Renzo Marangon, government official of the Veneto region, said: “Veneto is taking decisive action to advance the use of clean, renewable energy sources. At the same time, this project is expected to create over 350 local construction jobs and build expertise in advanced energy technologies. We expect Rovigo to serve as a European model for large-scale, alternative-energy projects.”
