Moreover, to develop the project, SunEdison has entered into a financing agreement of 47 million euros with NORD / LB (Norddeutsche Landesbank), one of the top ten banks in Germany.
“This announcement follows an another important project in Italy recently announced by SunEdison. It demonstrates our expertise in developing a wide range of power from the individual plants on the roof to large commercial farmers with floor mounting,” said Carlos Domenech, President of SunEdison. “Given our strong funding and expertise in the implementation of projects, SunEdison plans to continue its rapid expansion in Italy and in other areas of targeted growth in the U.S., Canada and other European countries.”
SunEdison previously announced the construction of a photovoltaic power plant of 72 MW in the north-eastern Italy, near the town of Rovigo, which should be the largest solar power plant in Europe.
“Our goal is to continue expanding our presence and increase the connections of central Italy during the year,” said Pancho Pérez, Director General for Europe and MENA SunEdison. “Our financing capacity and project development are important and we continue to strengthen our relationships with partners throughout Italian solar energy.”
SunEdison Lecce solar parks will generate electricity for more than 3,300 homes during the first year of operation, while reducing emissions of carbon dioxide equivalent to emissions produced by the operation of 2000 motors. In addition to these environmental benefits, the new solar power plants will also, for their construction and operations, create jobs in the region.
Seven of the stations of Lecce are already fully operational and have been connected to the grid and sold in the first quarter of 2010. The other five plants are under construction and is expected to be completed and operational by the third quarter.