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Updated: July 8th, 2008 05:26 PM CDT

World's Largest Solar Photovoltaic Power Plant to Be Built with GE Investment and PowerLight Technology

Business Wire
via NewsEdge Corporation

With no fuel cost or emissions, the Serpa solar installation will produce electricity sufficient to power 8,000 homes and save more than 30,000 tons a year in greenhouse gas emissions compared with equivalent fossil fuel generation.

The project is expected to be Portugal's first large photovoltaic installation to go online.

"This landmark project culminates years of administrative and regulatory efforts in our strategy to implement a large solar project in Portugal," said Piero Dal Maso, co-CEO of Catavento. Co-CEO Sergio Costa added: "We hope this project clearly demonstrates that solar energy is a promising alternative power source that should be freed from roadblocks."

PowerLight's PowerTracker(R) is the world's most widely used solar power system for large-scale power plants because of its efficiency and reliability. The company's patented tracking technology follows the sun as it moves across the sky throughout the day, generating more electricity than conventional fixed-mount systems.

"PowerLight continues to increase its leadership in the solar power plant industry in Europe," noted Marco Northland, PowerLight's General Manager, Europe. "We look forward to delivering more projects with GE."

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