The companies said the construction of the power plant started immediately after financial close and will be managed by ABB and REC who have formed a temporary EPC consortium.
The installation, which will cover around 95 hectares, consists of more than 100,000 high performing REC Peak Energy modules.
The plant will produce around 37 million kWh, equal to the energy consumption of around 14 000 families, and will offset 18 500 tons of CO2 per year.
The installation is financed through a leasing structure with the financial close and first draw-down on the financing completed in early January, the companies said.
Unicredit Leasing (Unicredit Group), Leasint (Banca Intesa Group) and BNP Paribas Leasing Solutions (BNP Paribas) are providing the lease financing for the plant.
The future equity owners include CEF Energia BV, a BNP Paribas Fund with a 70% stake, and MedEnergy with a 30% stake.
