The international project developer, Element Power Solar (EPS), headquartered in Portand, Ore., announced that it completed the sale of two photovoltaic farms in the United Kingdom, which it completed in record time last year to comply with the country’s feed-in tariff (FiT) requirements.
The projects, 4-megawatt Puriton West and 1.8-megawatt Summerway Drove, were developed by EPS through a partnership Irish company BNRG Renewables. The projects were developed over three months, rather than 12 months originally planned, according to EPS.
“Element Power Solar is focused on developing and implementing quality projects, which implies rigorous capital management techniques and rapid deployment of hardware, to maximize the sale of clean solar electric energy,” said EPS Chairman Paolo Pietrogrande.
Pietrogrande attributed the hastened development to the company’s pipeline of 77 megawatts of projects.
“Element Power Solar completed the first phase of the project July 1, 2011, and put in operation the entire project, consisting of 2 separate sites for 5.8 megawatts total on October 18, 2011,” Pietrogrande said. “As such the projects were in full compliance with the changes of the UK regulatory framework.”
Despite the U.K.’s falling solar incentive program, EPS remains in the country.
“Element Power Solar still maintains an interest in solar projects in the U.K., and has a renewable energy project development team that is presently pursuing opportunities in U.K., Ireland and Scandinavia,” Pietrogrande said.
The company is also developing projects across the globe.
“It is currently actively managing the development and deployment of 2,200 megawatts of projects in other European Countries, in North and Latin America and in emerging solar markets, where a combination of high irradiance and inefficient conventional power generation makes solar a competitive alternative already today,” Pietrogrande said.
The company is developing both ground-mounted arrays and also is increasingly looking into distributed generation solar as well as rooftop applications, according to Pietrogrande.