SunEdison interconnects 70 MW solar plant in Italy
(ADPnews) - Nov 23, 2010 - Solar energy firm SunEdison, a unit of US wafers maker MEMC Electronic Materials (NYSE:WFR), today said it had interconnected a 70 MW solar power plant in northeastern Italy.
The photovoltaic (PV) plant was completed and interconnected for nine months. It is expected to produce enough energy to supply 16,500 households and save 40,000 tonnes of carbon dioxide emissions in its first year of operation, according to SunEdison.
Private equity firm First Reserve acquired the project through a joint venture with SunEdison established in May. Under the JV terms, SunEdison will manage the operations and maintenance of the plant. First Reserve said at the beginning of November that it had closed a EUR-276-million (USD 375m) financing with European banks to close the acquisition.