Gabrielle Giffords solar system installation with GeoInnovation in 2010
Video Rating: 5 / 5
“Etrion Corp. and SunPower Corp. (NASDAQ:SPWRA) announced an agreement to build two solar power plants, totaling 10 MW, in the Puglia region of Italy. Etrion is an independent solar power producer. Under the terms of the agreement, it will own the power plants. While SunPower designs, constructs and provides operations and maintenance services for the plants. SunPower will install proprietary SunPower Tracker technology at the sites, which will follow the sun during the day and deliver up to 25% more energy than fixed-tilt systems. The trackers will also reduce land use requirements. Marco Northland, Etrion’s CEO, commented: “”We are pleased to contract with SunPower for another solar power project in Italy. The two, 5-megawatt sites in Brindisi and Mesagne are part of our internal portfolio and once again demonstrate our team’s development and execution capability. Solar is a clean, silent, renewable source of energy that is becoming an increasingly valuable and necessary part of the world’s energy mix.”” Construction is expected to begin by the end of November 2010. Sunpower is currently trading up by 1.3% midday Thursday, at a price of about .00.”