Etrion completes Nettuno solar power project in Italy

The solar power project, which is expected to generate 3.5 million kilowatt hours (kWh) of energy and €1 million in earnings before EBIT annually, is fitted out with crystalline fixed-tilt photovoltaic modules from Trina Solar and SMA inverters.

According to a statement released, the solar power park will receive a feed-in tariff of €0.25 per kWh, plus a market price of approximately €0.08 per kWh.

Over 84 percent of the project’s investment came from a syndicate of banks, including Natixis, WestLB and Mediocreval, in the form of an 18-year, non-recourse loan. The financial sum was not divulged. Marco Northland, Etrion’s CEO, commented, "We are pleased to complete the Nettuno solar energy park ahead of schedule, and we look forward to finishing two additional parks shortly."