On January 17th, 2012, Solar Power Incorporated (SPI Solar, Roseville, California, US), a vertically integrated solar photovoltaic (PV) project developer and engineering, procurement and construction (EPC) services provider, announced that it will develop a 2-MW fixed-tilt ground-mount utility-scale facility in Greece.

The company reports it has completed the acquisition of the necessary contracts and permits to serve as developer of the solar facility located in Evros, a north eastern region of Greece. SPI on own account acquired a limited liability corporation to gain interest in the Evros development to become the developer of record for the project, which was fully permitted and ready to be built.

Greek Public Power to purchase solar electricity under a 20-year PPA

Construction is scheduled to begin in the first quarter of 2012. The company intends to sell the project during the construction phase or upon commissioning. Greek Public Power Corp. will purchase the electricity generated by the SEF under a 20-year power purchase agreement (PPA). The SEF will use LDK’s high-performance solar modules.

Global Energy Services will provide project oversight during the construction phase

SPI worked with Global Energy Services Ltd. to identify the build-ready project and to perform on-site technical due diligence in order to qualify the project for development. GESL will work closely with SPI to provide project oversight during the construction of the SEF. Once completed, SPI intends to perform operations and maintenance of the facility over the term of the PPA.

SPI looks forward to more projects in Greece and Europe

“This is our second major project in Evros in less than a year and we are very pleased with the direction our efforts are taking us in Greece,” SPI CEO Stephen Kircher stated.

“The projects we are executing and pursuing in Greece are perfectly suited to our experience and skill set,” Kircher added. “It’s a real plus to be able to make a positive economic contribution through the jobs we will be creating and the low-cost, sustainable electricity our facilities will be producing. We look forward to more projects in Greece and elsewhere in Europe,” Kircher concluded.

2012-01-20| Courtesy: SPI Solar | solarserver.com © Heindl Server GmbH

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