http://www.bloomberg.com/news/2011-04-26/fotowatio-breaks-ground-on-webberville-solar-plant-in-texas-1-.htmlA California unit of the Madrid- based solar energy company Fotowatio SL completed financing and began construction on a 30-megawatt photovoltaic project in Texas.
RES Americas Inc., a unit of U.K.-based Renewable Energy Systems Ltd., will build the Webberville Solar plant and provide maintenance services for five years, Fotowatio Renewable Ventures Inc., said today in a statement.
Austin Energy agreed to purchase for 25 years the electricity generated by the project, which is 15 miles (24 kilometers) east of Austin, Texas, and is expected to be complete by the end of this year. Germany’s second-biggest state-owned lender Bayerische Landesbank provided financing, the company said.
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“The project will be a good model for us going forward and will enter commercial service before the end of the year,” McLanahan said. “We have another 85 megawatts of projects in the U.S. that we expect to put into construction this year.”
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