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Back You are here: Home Business Other Markets SPI Solar to develop second project in Greece

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SPI Solar to develop second project in Greece

Vertically integrated photovoltaic solar developer SPI Solar, an LDK subsidiary, is set to begin development of a 2-megawatt ground-mounted solar energy facility in Evros, Greece following the successful acquisition of the necessary contracts and permits.

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Construction on the new 2-MW facility is scheduled to begin in the first quarter of 2012. SPI intends to sell the project during the construction phase or upon commissioning.

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Power generated by the finished facility will be bought by the Greek Public Power Corp. under a 20-year power purchase deal.

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"This is our second major project in Evros in less than a year and we are very pleased with the direction our efforts are taking us in Greece," said Stephen Kircher, chief executive of SPI.

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SPI said facility is also its second development in the country. The first, a 4.4-megawatt project, began construction in November 2011. – Katrice R. Jalbuena

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