70 megawatt Italian solar plant for $330 million - MVCAC

4 Nov 2010


      First Reserve Corporation reaches  financial close for euro 276 million 
funding for Rovigo solar PV plant in  Italy
First Reserve Corporation (Greenwich,  Connecticut, US) , a world leading 
private equity firm in the energy industry,  on November 2, 2010 announced 
that it has entered into a euro 276 million  project financing facilities 
agreement for the Rovigo solar plant in Northeast  Italy. First Reserve acquired 
the 70 megawatt (MW) photovoltaic (PV) power plant  from Sun Edison LLC, a 
division of MEMC Electronic Materials, Inc. in September  2010, which when 
completed later this year is expected to be the largest  operating solar 
power plant in Europe. The lenders participating with  First Reserve on the 
financing agreement include Banco Santander, Unicredit  Corporate Banking, 
Crédit Agricole, Dexia Crediop, Natixis and Société Générale.
...
...
...
...
...
...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
UTILITY-SCALE PROJECTS OPERATING IN U.S.: Concentrating  Solar Power Total 
(MW) = 433,
Photovoltaics Total (MW) = 168, Total Projects  in Operation (MW) = 601
Utility-Scale Projects Under Construction: Concentrating Solar Power Total 
(MW) = 77,
Photovoltaics Total (MW) =  115, Total Under Construction (MW) = 192
Utility-Scale Projects Under Development:  Concentrating Solar Power Total 
(MW) = 10,261;
Photovoltaics Total (MW) =  13,199;
Total Under Development (MW) = 23,460.