Italian solar power plant deal agreed

09 Aug 2010
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A solar power plant in Italy is to be sold by its creator SunPower.

Independent solar power producer Etrion Corporation has stepped in to pen an agreement for the purchase of the largest solar power facility in Italy, the Montalto di Castro solar photovoltaic (PV) power park.

SunPower president Howard Wenger described the sale of the solar power plant as an important milestone for his firm.

He added that it emphasises SunPower's success in the solar power industry.

"Our expanding utility and power plant business provides us with strong revenue visibility in Europe, the Middle East and North America through 2014," he said.

Around the world, SunPower already produces around 600MW of solar power energy.

Earlier this year, the firm announced that it was to partner Solar Ventures to build three new solar power facilities in Italy.

The plants are to be located in the Piedmont region and will produce a total of 11.1MW between them. 

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