Renewable Energy: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Etrion Completes 10 MW Solar Project in Italy

Source: www.gulfoilandgas.com 8/29/2011, Location: Europe

Share |

Etrion Corporation (ETX), an independent solar power producer, announces the completion of the Helios ITA-3 solar project in Puglia, Italy. The Helios ITA-3 solar project has a total capacity of 10 megawatts (MW) and is expected to produce 16.8 million kilowatt hours (kWh) of clean electricity and 5.0 million euros of earnings before interest, taxes, depreciation and amortization (EBITDA) per year. The project is expected to benefit from the feed-in-tariff (FiT) of 0.25 euros per kWh plus a market price of approximately 0.08 euros per kWh.

The Italian FiT is a premium purchase price for solar electricity that is guaranteed by the Italian government for 20 years from the start of operations. The Helios ITA-3 project includes two 5 MW ground-mounted solar photovoltaic (PV) parks, Brindisi and Mesagne. Both parks were built by ABB using Yingli poly-crystalline PV modules mounted on SunPower single axis trackers with Bonfiglioli inverters. A syndicate of banks, including Natixis, WestLB and Mediocreval, provided 80% of the financing for the project with an 18-year, non-recourse loan.

Marco Northland, the Company’s CEO, commented, “We completed the Helios ITA-3 parks ahead of schedule and under budget thanks to the hard work of our superb local team, our contractors and the local utility, Enel. Etrion now has a fully-funded, operational solar portfolio of 60 MW in Italy with significant cash flow. We continue to review opportunities for growth in Italy and abroad.”

Renewable Energy News in Germany >>

Amec Foster Wheeler Wins Integrated Services Contract by Maersk Oil
United Kingdom >>  8/27/2015 - Amec Foster Wheeler has awarded a three year Integrated Services Contract (ISC) by Maersk Oil, an international oil and gas company and a fully-owned ...
Total Sells North Sea Midstream Assets for $905 Million
United Kingdom >>  8/27/2015 - Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream ...

The Crude Oil Futures Market Structure
Austria >>  8/23/2015 - Crude oil futures on both sides of the Atlantic fell to multi-month lows, taking ICE Brent below $60/b. ICE Brent shed almost $7 to settle way below $...
OPEC Reference Basket
Austria >>  8/18/2015 - The ORB value continued its downward trend in July, dipping by a further 10% to settle below $60/b and near the six-year low levels reached earlier in...

Investment Flows into Commodities Markets
Austria >>  8/17/2015 - Open interest volume (OIV) in selected US commodity markets increased in July for crude oil and precious metals, while it declined for agriculture, na...
Trends in Selected Commodity Markets
Austria >>  8/15/2015 - In July, the US dollar rose for the second consecutive month on the confirmation of a rebound in US economic activity in the second quarter and the si...



Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


Germany Oil & Gas 1 >>  2 | 3 |

More News

Oil & Gas Companies in Germany >>

Related Links

Countries Quick Links

00 AT BE BG CH CY CZ DE DK ES FI FR GR HR HU IE IT NL NO PL RO SE SI TR UK
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed