First Reserve buys Italian solar power plant

07 Oct 2010
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First Reserve buys Italian solar power plant

SunEdison has sold a major solar power plant in the north-east of Italy to First Reserve.

The Rovigo facility is expected to be the largest solar energy generator in Europe when it becomes fully operational, with a total capacity of 70MW.

It is predicted to be finished by SunEdison towards the end of the year and Carlos Domenech, president of the firm, stated that the sale demonstrates his company's ability to deliver large scale solar power developments.

Mark Florian, managing director of First Reserve Energy Infrastructure, added that the business is pleased to add the Rovigo plant to its renewable energy portfolio.

"Rovigo will serve as a worldwide reference for its scale, representing many unique skills embedded in our partnership with SunEdison," he said.

Around 16,500 households in the region are expected to be powered by the solar energy generated at the facility.

Last month, Carol Matlack from Bloomberg Businessweek, suggested that solar power could be generated in the Sahara Desert and transported to Europe under the Mediterranean Sea. 

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