Enfinity Signs 25 MW Solar Power Plant Framework Agreement with SunPower

Ghent, Belgium - Enfinity, a global developer of renewable energy projects, announced that it has entered into framework agreement with SunPower Corporation, a manufacturer of high-efficiency solar cells, solar panels, and solar systems, to provide turn-key engineering, procurement and construction services for solar electric power plant projects totaling more than 25 megawatts.

The installations contemplated under this agreement will be built as from 2008 till 2009 by SunPower in Italy and are contingent on Enfinity to secure financing and construction permits for the projects. Sunpower and Enfinity are in discussion to expand their collaboration to include additional solar projects in Spain, Greece and other countries worldwide. Enfinity is in the process of financing PV projects with a total capacity of more than 122MW and is planning to finance several hundred megawatts through 2010.

Source: IWR Online, 17 Jun 2008