Leading Developers Continue Building Large PV Projects

There were more big solar-PV project announcements from leading developers in North America and Europe this week.

The first came from SunEdison, which broke ground on a 54-MW plant in New Mexico. This comes weeks after completing a 70-MW project in Italy. The 5-site power plant, which is being built by SunEdison and the utility Xcel Energy, should be connected to the grid by the end of next year.

The companies expect the 54 MW project will generate more than 2 million MWh of electricity over a twenty year period.

Ground was also broken Wednesday on a 60-MW solar farm near Pflugerville, Texas, where RRE Austin is installing 400,000 panels over the next three years.

In Europe, SunPower Corp. closed a first-of-a-kind solar bond with two major banks to finance the completed expansion of a project in Italy from 44 MW to 72 MW. SunPower says the project will be able to produce about 140 GWh of electricity per year when fully complete.

In Bulgaria, a 45-MW project was started byNEOoptions, the Bulgarian Development Collaborative and SDN Co. That project is expected to be completed next year.

Two others were in Ontario, where NextEra Energy Resources agreed to purchase 40 MW worth of projects developed by First Solar. The projects will be split up into four 10-MW developments with 172,000 First Solar cadmium-telluride thin film panels at each site. All the systems should be operational by the end of next year.

Also in Ontario, Canadian Solar and SkyPower Limited signed an EPC agreement to build two solar projects totaling 18.5 MW of capacity using Canadian Solar modules. The construction of both projects should be done by mid-2011. Together, they are expected to generate approximately 19 million KWh in their first full year of operation and almost 400 million kWh total over the next 20 years.

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