$10m for solar project

Solar Integrated Technologies, a provider of building integrated photovoltaic (BIPV) roofing systems, recently won two contracts totalling $10m to provide 2MW of solar systems at two sites in Italy.


Solar Integrated Technologies, a provider of building integrated photovoltaic (BIPV) roofing systems, recently won contracts worth $10m to provide 2MW of solar systems at two sites outside of Rome, Italy.



The project includes a ground-mount system and a BIPV system at the Malagrotta Landfill. The project, which is the company’s largest European contract to date, is expected to be completed in late 2007.



In addition to the initial revenue for the project, the company also expects to receive annual bonus revenue and cash payments based on a revenue sharing arrangement from the power produced by the solar systems.



‘The flexible nature of Solar Integrated’s solar solution was very important to securing this project at the in-use Malagrotta Landfill site,’ said Manlio Cerroni, President and owner of Colari Consorzio Laziale Rifiuti and Sorain Cecchini. ‘Their solar product is able to effectively conform to our site layout and unique landfill terrain, including moving ground.’



‘In addition, we are now able to transform a previously unutilised hillside into a valuable revenue-generating asset,’ added Cerroni. ‘We are thrilled to have a renewable power generating capability that is expected to produce over 54 million kilowatt hours of power and displace over 45,000 metric tons of carbon dioxide emissions over the next 20 years.’