Cero bankrolls 48-MW Italian agrivoltaic solar project in Lazio

• Cero Generation, an independent portfolio business of Macquarie's Green Investment Group (GIG), has reached economic close on a 48-MW agrivoltaic solar project in the Lazio area of Italy.

The firm stated it arranged the funding in collaboration with Bayern LB, Siemens Financial Services through Siemens Bank, and Banco Santander.

The Castrum project is Cero's second large-scale agrivoltaic setup in the country and also is being implemented in the Municipality of Montalto di Castro, Viterbo province. When finished, which is anticipated to occur by the end of next year, the plant will not just create power but also enhance sustainable food manufacturing. At the very least 65% of the 87-hectare site will certainly be utilized for agricultural crops, Cero said.

Castrum is a zero-subsidy development backed by a long-term power purchase contract (PPA) with Centrica Energy Trading.

Including this project, Cero's overall functional or under-construction capacity in Italy is rising to 133 MW. It is presently building one more agrivoltaic facility of 70 MW in Latina province. On top of that, the company has greater than 1.5 GW of solar photovoltaic or pv (PV) projects under growth in the country.