Positive Energy completes construction of 2MW PV park
Athens, Greece (SPX) May 26, 2011 Positive Energy has completed for the company Solar Gate, the construction of a 2MWp photovoltaic park in the Prefecture of Lakonia in Greece. The operation of the plant will have substantial environmental benefits including the reduction of carbon dioxide emissions by 2,600 tons per year. This is the same amount of carbon dioxide that would be removed from the atmosphere each year by a forest of 130,000 trees via photosynthesis. Positive Energy was the main EPC contractor being responsible for the project design, the supply of equipment and the construction of the project. On behalf of Positive Energy, Mr. Konstantinos Mavros, CEO of the Company, stated: "We are very pleased to announce today the completion of this important project. The Greek PV market is rapidly growing with more than 150 GWp installed in 2010 and 80 MWp installed within the first quarter of 2011 which can lead to annual market of 300-350 MWp. Greece has set ambitious PV targets for 2020 and we are more than happy that our large project portfolio is a valuable contribution to the market's continuous development.". On behalf of Solar Gate, Mr. Stelios Georgioudakis, CEO of the Company, stated: "We are very happy to announce today the completion of our project not only for its investment profits but also for its significant social and environmental benefits. We saw-and still see-great potentials for the Greek PV sector in the coming years and given this opportunity I would like to encourage investors to proceed with their investments within the Country."
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