PRATO DI CORREGGIO, ITALY: Kerself S.p.A. has ramped up the first four Fortesa photovoltaic fields, for which funding has already been provided. Three of the fields are in the region of Apulia, the fourth, using a tracker system, is in Sicily.
By the end of December 2009 worksites will be ready for another 10 photovoltaic fields; a total of 30 plants are expected to start up by the end of January 2010.
The photovoltaic field program is thus proceeding as planned, with construction of a total capacity of 100 Megawatts planned by the end of 2010.
Kerself also says that agreements with the funds interested in an involvement in the operation are under way. The financial coverage refers to a capital contribution of
approximately 20 percent and bank borrowings to cover the remaining requirement.
Framework agreements have already been signed with leading Italian financial providers covering more than half of the program. The Kerself share is expected to be
approximately 15 percent.
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