Italy's Kinexia wins solar greenhouse facility contract
(ADPnews) – Oct 13, 2010 – Italian holding group Kinexia (BIT:KNX) said it had signed through its sub-holding Volteo Energie and Sardinian subsidiary Sa Gea a contract to build a greenhouse complex for agricultural use with integrated solar systems of a combined capacity of 4 MWp.
Some 17,390 solar panels, provided under a contract signed with China's Chinalight Solar Co Ltd, will be installed.
Kinexia units will also provide management and maintenance services to the solar equipment.
Work on the project is scheduled to be completed by year-end.
The total costs on the works have been estimated at EUR 13.2 million (USD 18.2m). The funds will be provided through a project financing scheme elaborated by UniCredit Banca.
The new facility will allow to avoid emission of 2,900 tonnes of CO2 in the atmosphere annually.