The acquisition of the 20 MW first phase of the project for €36m has been completed. The acquisition of the 8 MW second phase of the solar PV park for €12m remains subject to standard closing conditions and is expected to close by the end of the third quarter, 2010.
SunPower designed and built the 28 MW solar PV power plant in the Lazio region of Italy near Rome, and will provide ongoing operations and maintenance services.
The first 20 MW were connected to the grid in November 2009, and the 8 MW second phase was commissioned in August.
An additional 44 MW of solar PV power is planned to be completed and sold by the end of this year, bringing the total to 72 MW.
The Montalto solar PV park's first and second phases are rated at 28 MW on an AC basis and 33 MW on a DC basis.