# SPI Solar to Serve as Developer of a 4.4 Megawatt Utility-Scale Solar Energy Facility in Greece

- Link: https://greenlivingguy.com/2011/08/spi-solar-to-serve-as-developer-of-a-4-4-megawatt-utility-scale-solar-energy-facility-in-greece/
- Published: 2011-08-15T21:26:09-04:00
- Author: greenlivingguy

SPI[ Solar](https://web.archive.org/web/20180111174937/http://spisolar.com:80/) (“
SPI”) a leading vertically integrated photovoltaic (“PV”) solar developer and engineering,
procurement and construction (“EPC”) services provider, announced today that it 
has successfully completed the acquisition of the necessary contracts and permits
to serve as developer of a 4.4 megawatt fixed-ground-mount solar energy facility(
SEF) which will be located in Evros, a North Eastern region of Greece. SPI became
the developer of record for the project by acquiring a 100% limited partnership 
interest in the project, which was already in early-phase planning with another 
entity.  The SEF will be a fixed-tilt ground-mount utility-scale facility (on approximately
25 acres) selling power to the Greek Public Power Corporation (“PPC”) through a 
20-year Power Purchase Agreement (PPA).

Prior to executing the agreements, SPI worked with Global Energy Services (“GES”)
to identify the build-ready project, and with SDL Solar to perform on-site technical
due diligence and qualify the project for development.  GES will work closely with
SPI to also provide project oversight during the construction of the SEF.  Additionally,
SPI intends to perform operations and maintenance of the completed facility over
the term of the PPA.  SPI’s proprietary monitoring application, Solar PowerView^(
TM) will be used to monitor the system and ensure optimal system performance and
energy production. The SEF will use LDK’s high-performance solar modules.

The SEF will be located in Evros, in Northeastern Greece, approximately 100 miles
north of Alexandropoulos and just six miles from the Turkish border. Construction
is scheduled to begin in November 2011. Consistent with SPI’s business plan as a
SEF developer, it is the Company’s intention to sell the project during the construction
phase or upon commissioning.

“This is our first project in Greece and we are excited about initiating what we
believe will be the first of several projects there,” said Stephen Kircher, CEO 
of SPI. “The system design-build requirements for this project are a perfect match
to our skill set and experience. We will also be creating jobs over the course of
this project’s development which is a plus for the Greek economy,” Mr. Kircher pointed
out.  “We look forward to the successful execution of this project and to more projects
in Greece and selectively throughout Europe,” Mr. Kircher concluded.

**SPI[ Solar](https://web.archive.org/web/20180111174937/http://spisolar.com:80/)**

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 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
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