EUROPE’S LARGEST PV PLANT 2010 IN ROVIGO ITALY
Canadian Solar Supplies Modules to the Largest Capacity PV Solar Power Plant in Italy.
Canadian Solar was one of the module suppliers to Europe’s largest capacity PV solar power plant, developed by SunEdison, a worldwide leading solar energy services provider and a subsidiary of MEMC Electronic Materials. SunEdison successfully installed a 70 megawatt photovoltaic power plant in Northeast Italy, near the town of Rovigo, which is now the largest capacity, single operating PV solar power plant in Italy. And installation was completed in just nine-months.
The Rovigo solar plant will also create significant environmental benefits over its lifetime. In its first year of operation alone, the system is expected to generate enough energy to power more than 16,500 homes and prevent the emission of more than 40,000 tons of CO2, equivalent to the removal of 8,000 cars from the road.
"The impressive scale of this milestone European PV project is a direct testament to the high quality work by SunEdison and its partners, including Canadian Solar" said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.
The Rovigo solar power plant was acquired by First Reserve through a previously announced joint venture between First Reserve Corporation and SunEdison. Investment programs managed or advised by Partners Group AG and Perennius Capital Partners SGR have invested in the project with the First Reserve joint venture. First Reserve recently announced the execution of a €276M project finance facility for the project with leading European banks, including Banco Santander, Unicredit Corporate Banking, Dexia Crediop, Natixis, Societe Generale and Credit Agricole.