请总结以下内容：IV Solar Phase (Contract no.4387-2015-00), which commenced on March 15, 2015, and continues to March 14, 2018, was initiated by Abselona Engineers Ltd. as a large-scale solar energy generation project located in New Navarre, designed to provide a reliable source of energy to the region. The basic components and equipment will be procured from Solar Bright Tech Co., Ltd., based on final verification, while impacted purely and affected exclusively by market circumstances, the change down to approximately 24 mega-Watts is a considerable departure from the original specification of 40 mega-Watts, as initially planned.

总结以上内容，用第三人称，并尽量压缩到3-5句话。
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IV Solar Phase项目（合同号4387-2015-00）由Abselona Engineers Ltd.发起，旨在通过位于New Navarre的大规模太阳能发电为该地区提供可靠能源。项目始于2015年3月15日，预计持续至2018年3月14日。主要组件和设备由Solar Bright Tech Co., Ltd.提供。由于市场情况的影响，项目容量从原计划的40兆瓦降至约24兆瓦。
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