Iron Solar PV Park is a 35MW solar PV power project. It is planned in Sicily, Italy. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 35 | – | 35 | Permitting | Sicily, Italy | Canadian Solar; Falck Renewables; Iron SPV |
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Description
The project is being developed by Canadian Solar, Falck Renewables and Iron SPV. The project is currently owned by Falck Renewables with a stake of 100%.
Iron Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $26.775m.
Development Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
About Canadian Solar
Canadian Solar Inc (Canadian Solar) is a provider of solar energy solutions. The company designs, develops and manufactures solar ingots, wafers, modules, cells, and other solar power products. Its broad range of solar modules find application in residential, commercial and industrial solar power generation systems; and specialty solar products include customized solar modules that customers incorporate into their own products such as portable solar home systems. Canadian Solar serves distributors, project developers, system integrators and installers and EPC companies across Asia, America, Europe and other regions. It has manufacturing facilities in China, Taiwan, Canada, Vietnam, Thailand and Indonesia, and offices across the world. Canadian Solar is headquartered in Guelph, Ontario, Canada.
About Falck Renewables
Falck Renewables SpA (Falck Renewables) is a subsidiary of Falck SpA that develops, designs, constructs and manages energy production plants. The company produces clean energy from various renewable sources including wind energy, solar energy, biomass energy, and waste-to-energy. It also offers various activities such as technical/economic evaluation, pre-feasibility and feasibility studies, design and financial plan including executions such as negotiation and assignment of contracts, preparation of the contract technical specifications and contractual documents, construction supervision, up to operation and maintenance and energy portfolio management activities. The company has operational presence in the UK, France,Japan, US, Norway, Sweden and Spain.Falck Renewables is headquartered in Milan, Lombardia, Italy.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
