Case Study - Apulia Solar Plant
| Country: | Italy |
|---|---|
| Business area: | Environmental Infrastructure |
| Sector: | Renewable Energy |
| Project value: | €40m |
| Investment date: | 2010 |
| Completion date: | 2010 |
| Realisation date: | To be determined |
Investment in 10MW of ground-mounted photovoltaic generation in Apulia, Southern Italy.
In July 2010, InfraRed agreed to acquire an 80% share in 10MW of photovoltaic plants in Apulia, Southern Italy, from the Degennaro Group. At the time, the plants were still under construction and their acquisition was conditional on a 2010 commissioning deadline and the achievement of pre-agreed performance levels.
This project comprises 10 megawatts of fixed-axis photovoltaic plants located near Brindisi, Southern Italy. All the plants use First Solar thin-film modules and Siemens inverters. Ongoing operating and maintenance services are being provided by the Degennaro Group.
Attractions of the project include highly predictable irradiation levels in the region, a high level of revenue stability through the renewable energy feed-in tariff and low, predictable, maintenance costs.
The 10 plants began operating in December 2010 and achieved their expected performance levels soon after commissioning.
InfraRed’s strategy for this investment is, after a period of stable generation, to introduce additional debt and optimise the financing structure.
