Thursday, October 18, 2012

SPI Solar Finishes 2 Projects In Greece

Roseville-based SPI Solar said it has completed construction and interconnection of two large-scale solar energy facility projects in Greece.

A 2-megawatt development in Evros and a 4.4-megawatt facility in Orestiada are providing power to the Greek Public Power Corp. through 20-year power purchase agreements.

A 1-megawatt solar energy facility remains under construction in Rhodopi and is scheduled for completion by mid-September.

"These are the first two large-scale (solar projects) we have completed in Greece, and they mark significant milestones for SPI," said Stephen Kircher, the company's CEO. "As Greece continues to diversify its energy sources, we will continue to pursue additional projects across the country."

SPI recently entered into a memorandum of understanding with the Taneo Fund to develop 23 megawatts of utility-scale solar energy facilities across Greece. The memo sets a goal for Taneo and SPI to potentially develop 100 megawatts in that nation.


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