From Ad Hoc News:
Berlin, June 9, 2008 - SOLON S.p.A., the Italian subsidiary of Berlin-based SOLON AG, concluded a framework agreement with Deutsche Bank for the construction of solar power plants in Italy. The agreement involves the development and construction of turnkey solar power plants with a total capacity of up to 150 MWp. The term of the agreement is from 2008 to 2010. The majority of the solar parks will be built in Southern Italy.
Thanks to its favorable geographic conditions and an attractive feed-in compensation scheme for solar energy, the Italian market is now the third most promising growth market in Europe after Germany and Spain. While according to the official Italian statistics, the total capacity of photovoltaic systems installed in Italy has reached only 120 MWp so far, the scope of this agreement underscores the fact that the photovoltaic business in Italy is now starting to pick up considerably....
