Enerqos begins construction of four Italian solar farms for NextEnergy Capital

15 June 2009 - NextEnergy Capital, the European merchant bank specialising in renewable energy, has chosen Italy for its next solar power investments. In recent weeks Enerqos has given the green light for work to start on the construction of the first four solar farm installations in Apulia, Italy.

An agreement signed between the two companies last year outlined the construction of solar farms in Europe for a total investment of EUR1bn ($1.4bn). The value of these initial projects is approximately EUR20m.
 
The construction of the four farms, each with a 1 MW production capacity, will be undertaken by Enerqos and will use the latest technology to ensure both maximum facilities performance and the highest return on investment possible.
 
In particular, one of these farms will feature the biaxial Solar Totem tracking technology, patented by Enerqos, which will allow performance to be increased by 38 per cent compared to conventional fixed mounting systems.
 
All solar farms will be equipped with a sophisticated remote-management system, based on the Osiride PVE operating system also patented by Enerqos, to provide advanced service management for monitoring performance and the timely detection of any operational anomalies.
 
With its significant experience as an EPC contractor, Enerqos will manage all phases of construction: development and design, procurement of materials, systems-building/ management, maintenance and a twenty year performance guarantee in collaboration with a major European financial institution.
 
Under the agreement with Enerqos, NextEnergy currently has licensing permission under way for additional facilities in Apulia and Sicily, of which 37 MW will start construction later this year. Enerqos will also build additional plants for NextEnergy in Greece and France at a later date.

Sponsored by FLSmidth

Related Articles

Cape Wind secures $400M more in financing for offshore project

Cape Wind said it has secured an additional $400 million dollars from several financial institutions for the offshore wind project slated to be built in Nantucket Sound.

Dragonfly Solar, SolarWorld to deliver solar power to utility co-ops

Commercial solar developer, Dragonfly Solar and SolarWorld, a solar manufacturer, will deliver solar arrays, totaling 517-kW to four electric utility cooperatives in the U.S. Midwest.

Follow Power Engineering on Twitter

Latest News

Duke Energy to build solar power facility at North Carolina military camp

POWER-GEN International 2014 Keynote Session

Power Engineering Photo of the Day

Vermont bill would set new standards for renewable energy

Vermont is considering a change to its energy policy that would end a practice that critics s...

Senate panel passes energy-efficiency utility bill

Major utility companies would be able to develop their own energy-efficiency programs and cha...

Oklahoma lawmakers want changes to state wind farm subsidies

Two Oklahoma lawmakers have filed legislation to alter state tax subsidies for new wind farms...

Feds seek public input on coastal NC wind energy study

The federal government is inviting the public to comment on an environmental assessment that ...

Regulators: Work environment improves at Palisades plant

The work environment has improved at Palisades Nuclear Plant in southwestern Michigan followi...

Hinkley Point B nuclear reactor taken offline for scheduled maintenance

One of two nuclear reactors at Hinkley Point B in the UK was taken out of service for a £40 m...

Power Engineering Current Issue

12/01/2014
Volume 118, Issue 12
1412pe-cover1

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

Intergraph(R) Webinar January 29th to Discuss PV Elite(R) 2015 New Capabilities and Other Enhancements

Intergraph(R) Webinar January 29th to Discuss PV Elite(R) 2015 New Capabilities and Oth...

Con Edison to Report 2014 Earnings on February 19

Con Edison to Report 2014 Earnings on February 19

New Jersey Residents Are Invited to the 1st Energy Resiliency Next Generation Forum on Tuesday, January 27 at Mercer Oaks in Princeton Junction From 6-8 pm

New Jersey Residents Are Invited to the 1st Energy Resiliency Next Generation Forum on ...

Tinius Olsen Launches New ST Series - Advanced Electromechanical Universal Testing Machines

Tinius Olsen Launches New ST Series - Advanced Electromechanical Universal Testing Mach...

BTJ Consulting LLC President & Founder Michael Hanberry to Be Interviewed on Clear Channel - iHeart Business Talk Radio's "The Trader's Network" on January 24th, 2015

BTJ Consulting LLC President & Founder Michael Hanberry to Be Interviewed on Clear Chan...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>