SunEdison to build 72 MW photovoltaic solar power plant in Italy

Rovigo, Italy, March 11, 2010 — SunEdison, a division of MEMC Electronic Materials, won final approval from the Italian government to develop and construct a 72 MW photovoltaic solar power plant in Italy.

When completed, this is expected to be the largest photovoltaic (PV) solar power plant in Europe.

Power generation will begin in the second half of 2010 with final completion expected by year end. In the first full year of operation, the system will generate sufficient energy to power 17,150 homes and avoid 41,000 tons of greenhouse gases — the equivalent of removing 8,000 cars from the road.

SunEdison will jointly develop the project with financing partner Banco Santander. Additional financial partners are expected to join the project for final ownership.

At 72 MW, this solar power plant will be the largest in Europe. Currently, the largest facility is a 60 MW solar farm in Olmedilla, Spain, followed by a 50 MW in Strasskirchen, Germany, built by MEMC through a joint venture agreement.

SunEdison is a global provider of solar-energy services. The company finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers.

 

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