ABB Wins Italy Solar Contract

9 June 2011 (Last Updated June 9th, 2011 18:30)

Etrion has selected ABB to complete the construction of its 10MW Helios ITA 3 solar project in Puglia, Italy. ABB will design, construct and provide operations and maintenance services for the power parks, which will be owned by Etrion. The Helios ITA 3 project comprises two 5

Etrion has selected ABB to complete the construction of its 10MW Helios ITA 3 solar project in Puglia, Italy.

ABB will design, construct and provide operations and maintenance services for the power parks, which will be owned by Etrion.

The Helios ITA 3 project comprises two 5MW ground-mounted solar PV parks under construction, Brindisi and Mesagne.

The project is expected to generate 16.8 million kWh of electricity and €4.6m of earnings to Etrion every year.

Construction of the project is scheduled to be completed by 31 August 2011, and the first electricity sales from the project under the Italian feed-in-tariff regime are expected during the fourth quarter of 2011.

Lundin family, the company's major shareholder, has extended a loan of €28m to accelerate construction of the project.