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 Premium News Article
Italy's Terna to Invest $450 Million on Solar Power Infrastructure by 2010
GALWAY, IRELAND--July 31, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Italian energy transmission operator, Terna SpA (Rome) recently announced plans to invest about $450 million (320 million euros) by 2010 on solar power projects in the country. Terna has also proposed to set up a new company, Sungrid, which will oversee the development of projects with a total power generating capacity of 70-100 megawatts (MW). Terna plans to develop solar power projects and infrastructure, sell these projects, and use the capital gains from these sales to fund the company's grid development, infrastructure and other projects. The total installed photovoltaic capacity in Italy is expected to reach 800-900 MW by the end of this fiscal year and increase to 1,300 MW by 2010.
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