TerniEnergia S.p.A, a company operating in the renewable energy sector, listed on the Star segment of Borsa Italiana, collected from Milis Energy S.p.A. the second tranche of payment for the total amount of 11,88 Million Euro related to the installation of two solar power plant made up on greenhouses in Sardegna for a total installed power of about 12 MWp, completed in December 2010.
Milis Energy S.p.A. is 100% owned by TRP PVE BV, a joint venture between the Italian company TRP – Technologies and Resources for the Planet belonging to Tolo Group – and the Chinese company SAAE (Shanghai Aerospace Automobile Electromechanical Co., Ltd) a company listed on the Shanghai Stock Exchange with a market capitalization of approximately Euro 1.3 billion.
The first tranche of payment for a total amount of Euro 4.32 million was collected from TerniEnergia on December 7th, 2010, while the last tranche of Euro 5.4 million will be invoiced to the imminent entry into service of plants, realized in the municipality of Milis (Oristano).
Payment tranches’ value is related to the design, construction and start up of two solar plants, except for the purchase of panels provided by the company Shanghai Solar Energy Science & Technology based in Shanghai and for the management and system maintenance governed by a twenty-year contract.
As December 31st, 2010 the total number of plants that were completed by TerniEnergia is 204 for an aggregate capacity of 117,2 MWp, 49,3 MWp of which are for joint venture companies and for its Power Generation activity.
