Etrion Corporation (Texas a & m University: ETX) (OMX: ETX), an independent solar producer and SunPower Corp. (Nasdaq: SPWRA, SPWRB), the United States on the basis of an application for an efficient solar cells, solar panels and photo-voltaic, the manufacturer, today announced the agreement to build two solar power plants, for a total of 10 megawatts, Italy Apulia region. Etrion owns power plants, and SunPower to design, build and activities and maintenance of the plants.
“We are pleased with the agreement of the second solar project SunPower in Italy,” said Marco Northland, Etrion: ‘s CEO.”Two, 5-megawatt sites of Brindisi and is part of our internal Mesagne and once again we the development and implementation of the group to demonstrate this capability in the land of the rising sun is a clean., quiet, renewable energy, which is becoming more valuable and necessary part of the world’s energy mix.”
SunPower installs Proprietary SunPower ® Tracker technology Italian sites.The Tracker follows the Sun during the day and allows up to 25% more energy than fixed tilt systems, while a considerable reduction of the requirements for the use of the country.
“SunPower offers a unique value proposition of the power plant developers technology and bankability,” said Yoram Amiga, President of the utility and power stations in the international at SunPower. “To us by our customers after their stay at our proprietary Trackers optimize the return on investment, even if we performance gives you the confidence of the financial organisations retained to act as addressed.We are very happy to partner with Etrion delivers clean, reliable solar in the rapidly growing Italian market. “
10-Megawatt solar photovoltaic project in the country is expected to produce 17 million kilowatt hours of electricity and 6 million euro Etrion earnings before interest, taxes, depreciation and amortization (EBITDA) per year.
The Sun for the construction of the project is geared to begin November 2010 at the latest by the end of the first sale of electricity.  , the Italian system from the project is expected to feed the duties during the third quarter of 2011. Italian feed,-the buying-in price shall be guaranteed within and by the solar electricity tariff, the Italian Government for 20 years after the beginning of the activity.
SunPower has more than 650 megawatts of solar power plants installed in or around the world under the agreement, including the Italian plants such as Etrion: n 33 megawatt plant, the largest operational Montalto solar Park in Italy.