International solar company SunPower Corp has announced that it has completed the sale of its 44-megawatt Montalto di Castro solar park to a consortium of international investors that include MetLife, Fondo PPP Italia (managed by Fondaco SGR S.p.A and advised by Equiter S.p.A) and Voigt & Collegen. SunPower designed and built the solar power plant and will provide ongoing operations and maintenance services for the new owners. Barclays Capital advised MetLife on this transaction.
“With the sale of this power plant now completed, we have met the goal of developing, constructing and monetizing 72 megawatts from the Montalto di Castro solar park,” said Dennis Arriola, SunPower chief financial officer. “We are proud of this accomplishment and recognize the dedicated team and various independent parties that helped to deliver this successful outcome.”
The Montalto di Castro solar park, developed by SunPower, is located in the Lazio region of Italy near Rome, where the 20-MW first phase was connected to the grid in 
November of 2009, several weeks ahead of schedule. The 8-MW second phase was commissioned earlier this fall, and the third and fourth phases, totaling 44 MW, were completed earlier this month. SunPower financed the development and construction of the 44-MW with proceeds from the solar industry’s first-of-its-kind solar bond.
Solar Money House SunRun Expands New Markets
Bill Schuh has joined SunRun a solar power company service that offers a service similar to a lease that allows homeowners to upgrade their home to solar for as little as $0 upfront and simply pay monthly for solar electricity. Joining SunRun as vice president of sales. Bill Schuh will be growing network of installation partners. Schuh has already helped SunRun extend its partnership withThe Home Depot and enlist new installation partners to take SunRun’s solar power service to more communities across seven states.
Prior to joining SunRun, Schuh served as vice president, EMEA for Callidus Software Inc. where he led sales and marketing in Europe, the Middle East and Africa. At Callidus he grew a fledgling EMEA business from a small handful of customers in the UK to a successful business spanning more than 20 countries.
“We have an opportunity to provide clean, attractively-priced solar to millions of homeowners that aren’t aware today of how significantly they can benefit from it. Success requires a top-class sales and partner network that innovates constantly to reach potential customers in new ways,” said Schuh. “I look forward to supporting such a talented and passionate group of employees and partners at SunRun, and we’ll complement creativity with a relentless commitment to quality to achieve our goals.”