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 Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Forecast for 2015 Balance Supply & Demand in September 2014
Austria >>  9/30/2014 - Demand for OPEC crude for 2015 was revised down by 0.2 mb/d from the previous month. Within the quarters, the 1Q15 was revised down by 0.3 mb/d. Both ...
Intertek Appoints New Director to Drive E&P Business
  United Kingdom >>  9/24/2014 - Intertek, a leading quality solutions provider to industries worldwide, has appointed Neil Cousland as Business Development Director for its Explorati...

Kongsberg Maritime Launches New Monitoring Solution for Subsea Structures
Norway >>  9/23/2014 - Kongsberg Maritime Embient last week received the 2014 Compass International Award for outstanding contributions to the advancement of marine science ...
Refinery Operations in September 2014
  Austria >>  9/22/2014 - Refinery utilization rates in the US continued at very high levels with refinery utilization averaging 92.0%, which is a slight drop of about 0.7 perc...

Local Display for Easy Operation on Michell’s Easidew PRO XP Transmitter
United Kingdom >>  9/18/2014 - Michell Instrument’s newly launched Easidew PRO XP explosion proof dew-point transmitter is now available with an optional integral display, for impro...
SKF Offers New Piston Pump for Oil & Fluid Grease Lubrication
Sweden >>  9/16/2014 - SKF announced the introduction of the pneumatically driven PPS30 piston pump for small- to medium-sized oil and fluid grease lubrication applications ...



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 |

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 E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us