Encavis gets 93-MW ready-to-build solar projects in Italy

• German wind and also solar park driver Encavis AG (ETR: CAP) unveiled the purchase of 2 ready-to-build solar park projects in west-central Italy with an integrated capacity of 93 MW.

The purchase consists of the 55-MW Montalto di Castro plan as well as the 38-MW Montefiascone solar website which have actually already protected ten-year power purchase agreements (PPAs) in a pay-as-produced framework, a news release stated on Tuesday.

The possessions are located in the Lazio area, concerning 100 kilometres (62.1 miles) northwest of Rome. Equipped with bifacial photovoltaic or pv modules, both sites are expected to generate an overall of regarding 154 GWh of electrical energy yearly.

The projects belonged to the development pipeline of Italian investment company Psaier.Energies as well as will certainly be managed by neighborhood solar energy equipment company Stern Energy SpA.

The current investment increases Encavis' overall generation capacity in Italy to around 260 MW as well as brings the company better to accomplishing its goal of adding a total amount of 600 MW to its portfolio in 2023, CIO Mario Schirru stated.

"Italy, along with Denmark, Germany, the Netherlands as well as Spain, is amongst the core markets on which we will certainly concentrate all our efforts in the coming years as part of our Accelerated Growth Strategy up until 2027", Schirru added.

The financial details of the purchase were not divulged.