Sunday, January 30, 2011

Dutch solar firm eyeing $100M worth of projects

Business World Online
Posted on January 30, 2011 08:54:37 PM

DUTCH COMPANY SunConnex B.V. plans to put up a total of 50 megawatts (MW) of solar facilities in the country.

SunConnex B.V. wants the government to set feed-in tariffs before starting solar power projects all over the country.
SunConnex business development manager Jos Schlangen told reporters the company wants to build solar plants with capacities that range from 5 MW to 10 MW.

“We are waiting for the feed-in tariff to be released then we are to build a project on the ground ... We can’t disclose the names as we are in the process of closing contracts but we are all over in the country,” said Mr. Schlangen.

He said the projects are estimated to cost about $100 million. There is no timetable yet for the solar projects.

The feed-in tariff is guaranteed payment given to investors of renewable energy through a universal charge. The government has set a second quarter deadline for determining the final feed-in tariff rates.

The company may tap local partners to help construct and finance the solar projects.

“We take care of financing and we do it ourselves. [But] we could do it also with partners. We have talked to several banks,” said Mr. Schlangen.

The company is busy with site visits and planning the project and is “discussing with partners about business concepts and details on financing,” he said.

SunConnex is a supplier of solar electric products and systems. It has offices in Italy, France, Spain and the United Kingdom. -- 
E. N. J. David

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