REC Systems, a business unit of REC, has developed and financed, and is now constructing together with ABB, a 24.2 MW solar power plant located in the Lazio region of Italy using 100,000 REC modules. The project is the largest lease financing solution for a photovoltaic project in Italy. Organized in a special purpose vehicle company named Phenix Renewables SRL, it received all required authorizations in March, 2010. The future equity owners include CEF Energia B.V., a BNP Paribas Fund with a...