You are here: Home / Stock Market / ABB Secures $50 Million Solar Order in Italy

ABB Secures $50 Million Solar Order in Italy

Posted by Nima Heydarian on July 6, 2010 · Leave a Comment 

According to ABB.com, ABB has secured a $50 million dollar order from Actelios SpA in Italy to supply three photovoltaic (PV) solar power plants in western Sicily. The order was booked in the second quarter, 2010. The project is set to be completed by end of 2010.

The plants will have fixed PV modules and a total power capacity of over 13 megawatts (MW). The main plant will be erected in Spinasanta with a capacity of 6 MW. Additional plants will be built at Cardonita (3.8 MW) and at Sugherotorto (3.3 MW).

$50 million is considerably a large order for a single order. There’s been a series of good news (company acquisitions, cash in hand, new large orders, etc) about ABB lately. Watch for their stock price to beat the expected values after their next quarterly reports are out.

Actelios SpA, through its subsidiary Actelios Solar SpA, in Italy to supply three photovoltaic (PV) solar power plants in western Sicily. The order was booked in the second quarter, 2010.

Related posts:

  1. ABB Wins $700 Million Wind Power Order
  2. ABB to Release 2nd Quarter Report on July 30,2010
  3. ABB Wins $24 Million Orders from Petrofac

Filed under Stock Market · Tagged with

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!