Enel and Sharp Sign Agreement to Develop Photovoltaic Power
Posted on: Friday, 16 May 2008, 09:00 CDT
Italian power company Enel and Sharp, which is involved in the production of advanced photovoltaic panels, have signed an agreement to form a strategic partnership in the photovoltaic sector.
The memorandum of understanding provides for Enel and Sharp to carry out a detailed analysis for the construction in Italy of a plant for the integrated manufacture of photovoltaic panels using Sharp's triple-junction thin-film technology.
The output of the plant, whose size and structure is currently being assessed by the two companies, will mainly go towards meeting the rising demand for photovoltaic panels in Italy, southeastern Europe and the Mediterranean basin.
Sharp and Enel.si, Enel's electric systems unit, will develop photovoltaic fields with a total capacity of 161MWp by the end of 2011. Once fully in service, the plants will generate more than 220GWh of electricity per year, enough to meet the needs of 81,500 households and to avoid some 110,000 metric tonnes of CO2 emissions per year.
Source: Datamonitor
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