Adria II, Italy

Location: Rovigo, Veneto, North Italy.
Surface Size: Approximately 250,000 square meters (25 hectare).

In June 2013 Ellomay purchased Adria ii PV park of 6 MWp, together with the next door PV park, Adria i (of 6MWP as well). This is Ellomay's biggest transaction in the European PV market to date.

The park is connected to the national grid since August 2011, and was granted FIT of 0.238 Euros/Kwh plus market electricity tariff, according to the Conto Energia IV.

The park is expected to produce an annual production of approximately 7.75 GWh which is translated into annual revenues of about 2,350,000 Euro.

The tariff of 0.238 Euro was guaranteed for a period of 20 years (as of connection date), and the land is leased for 21 years.

Technical Specifications
The park is equipped with bankable components of high quality. Panels: Polycrystalline 235W/240W panels manufactured by Hanwha SolarOne, formerly Solarfun; Inverters: Siemens SINVERT 1000MS TL/1500MS TL.