Enel secures solar PPA with Italian grocery store chain Pam Panorama

• Italy's Enel SpA (BIT: ENEL) revealed recently that its subsidiary Enel Energia has inked a ten-year company power purchase contract (PPA) to provide 160 GWh of solar electricity each year to local grocery store chain PAM Panorama.

The volume acquired under the PPA amounts to a capability of 9 MW from a brand-new solar (PV) park to be developed and also handled in Italy by the Enel Group.

Starting from 2023, the 100% tidy electricity supplied to Pam Panorama will certainly allow the reduction of 75,000 tonnes of carbon dioxide (CO2) emissions annually.

This business PPA is the very first of its kind that Enel intends to close on the Italian market, the firm stated.

"The contract combines our firm's vision of increasingly green and sustainable policies, considered that the effort stands for the only actual type of large-scale energy supply direct from eco-friendly sources in Italy," stated Alessandro Riolfo, PAM Panorama technological director.