SunPower Sells 44MW Solar Park in Italy

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San Jose-based SunPower on Monday (27) announced that it has completed the sale of its 44-megawatt Montalto di Castro solar park to a consortium of international investors that include MetLife, Fondo PPP Italia and Voigt & Collegen. SunPower designed and built the solar power plant and will provide ongoing operations and maintenance services for the new owners.

The Montalto di Castro solar park is in the Lazio region of Italy near Rome, where the 20-MW first phase was connected to the grid in November of 2009. The 8-MW second phase was commissioned earlier this fall, and the third and fourth phases, totaling 44 MW, were completed earlier this month. SunPower financed the development and construction with proceeds from a pioneer solar bond.

“With the sale of this power plant now completed, we have met the goal of developing, constructing and monetizing 72 megawatts from the Montalto di Castro solar park,” said Dennis Arriola, SunPower chief financial officer.

SunPower has been in business since 1985 and specializes in designing, manufacturing and delivering solar technology to residential, business, government and utility customers.

Article by Antonio Pasolini, a Brazilian writer and video art curator based in London, UK. He holds a BA in journalism and an MA in film and television.

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