greenhousecanada.com; The project is co-owned by clean energy developer Moser Baer Clean Energy Limited (MBCEL) and GE Energy Financial Services.
Lalit Jain, chief executive officer of MBCEL’s Wind and International Solar business, said in a press release, “This project demonstrates how solar power technology can produce multiple benefits from a single site. We are doubling the productivity of the land by growing crops and generating electricity.”
The project will help Italy (which installed more solar power in 2010 than any other country except Germany) achieve its target of generating 23 gigawatts from the sun by 2016.
The project — known as “Su Scioffu” — is in Villasor, a community of 7000 that has been suffering economically from the closure of a sugar factory. Su Scioffu will support up to 90 jobs.
The project began providing 5 MW to Italy’s national electrical grid in August 2011, and 15 more MW were added by October 2011. The total project’s 20 MW will generate enough electricity to power approximately 10,000 Italian homes, and will prevent over 25,000 tons of CO2 emissions from being created every year from coal-fired and oil-fired power plants.
GE Energy Financial Services invested US$58 million in Su Scioffu. GE already has nearly $1 billion of solar power equity and debt investments in 46 projects in six countries.