Location: Middle of Puglia, (Corato Municipality).
Surface Size: Approximately 136,000 Square meters.
The park is connected to the national grid, has a nominal power of ~3 MW and carries May 2011 FiT of 0.289 Euros/Kwh plus market electricity tariff. The project is expected to produce an annual production of approximately 5.1 GWh which is translated into annual revenues of about 1,800,000 Euro. The tariff that will be issued based on the time of connection is guaranteed for a period of 20 years.. The land is leased for at least 25 years with an option to extend the lease for additional periods.
The project is based on Single Axis Trackers technology.
Manufacturers - The panels that were purchased were manufactured by Conergy.
Installation - The project was realized by a leading Spanish EPC contractor as a turnkey project. The company guarantees a minimum level of Performance Ratio (PR), minimum trackers added gain and minimum availability for the O&M duration.