SunEdison To Build 12 Solar Parks in Italy

SunEdison announced plans to complete 12 one-megawatt (MW) solar energy plants in the province of Lecce, Apulia in Italy, and announced a €47 million financing deal with Norddeutsche Landesbank Girozentale in Germany.

“The announcement of these projects, which follows another major project announced recently by SunEdison in Italy – demonstrates our deep expertise as developers of a wide range of solar energy plants, from rooftop retail facilities to large, ground-mount utility-scale operations,” said Carlos Domenech, president of SunEdison. “Given our financing capabilities and project skills, SunEdison plans to continue to expand rapidly in Italy and in our other targeted growth areas in the United States, Canada and other European countries.”

SunEdison earlier announced a 72 MW photovoltaic solar plant to be built in northeastern Italy near the town of Rovigo as the largest solar energy plant in Europe. To develop the Apulia projects, SunEdison signed a 47 million euro financing deal with NORD LB – Norddeutsche Landesbank – a leading bank in Germany.

The SunEdison Lecce solar parks will also create construction and plant operating jobs in the region. Seven of the Lecce plants are already fully operational and were grid connected and sold in the first quarter of 2010. The other five plants are under construction and expected to be completed and operational by the third quarter. The financing deal with Nord LB covers the majority of the one-megawatt plants.

“Our goal is to continue to increase our presence and our solar electric power interconnections in Italy over the course of the year,” said Pancho Perez, General Manager of Europe and MENA Region for SunEdison. “We have very strong project finance and development capabilities and are continuing to expand our relationships with solar channel partners throughout Italy.”

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