Prime Sun Power to sell 25MW plant in Italy
Prime Sun Power has signed a definitive agreement for the sale of a 25MW PV power plant in Italy. PSP receives interest for €12 million of strategic investments in the company from module suppliers; it is expected to generate gross revenues of over €100 million in 2010. This contract is the first to be signed under the terms of a signed frame agreement to sell 100MW projects on a turnkey grid-connected basis to an institutional investor.