A2A to obtain 1 gigawatt solar pipeline from Chinese Talesun
- The Italy-based energy company is going to purchase the photovoltaic development pipeline for an undisclosed amount using a subcompany. The purchaser has pledged to begin constructing its first large unsubsidized photovoltaic plant in the first months of the coming year.
A2A Renewables, a branch of A2A, signed an agreement to purchase a 1 gigawatt of PV development pipeline from Talesun, China’s photovoltaic module manufacturer. The deal is conducted as a part of A2A’s drive to begin construction of unsubsidized PV projects.
A2A Renewables is planning to begin developing its first large ""market parity"" venture in the first months of 2010. The facility will be installed in an unrevealed location within in Foggia province.
The company’s deal with the Chinese manufacturer has followed other recent contracts for approximately 100 megawatts of photovoltaic projects throughout Italy. Besides, it has been preceded by A2A’s collaboration with the China’s company a year ago, when it purchased a 43.2-megawatt Italy-based solar plant portfolio from Talesun, together with plans to create yet another 300 megawatts of market-parity ventures.
Additionally, the latest contract is concluded simultaneously with the victory at the tender held by Italian utility Terna. A2A has won all the 5 gigawatts of the offered capacity.
Half a year ago, Talesun disclosed plans to supplement its Thailand-based manufacturing fab with additional 1.5 gigawatts. This expansion is a part of ambitions to concentrate on the market of United States, in which it has a bulk of unfulfilled orders for hundreds MW of solar modules.
