Enfinity Global, Statkraft Sign PPA For 191 Gwh Supply In Italy

• Based on the deal, the committed energy will certainly be created by a 112 MW utility-scale solar energy portfolio owned by Enfinity Global.
• The solar energy plant will generate 191 GWh of clean power annually, enough to power 71,000 homes.

Global eco-friendly players Enfinity Global and also Statkraft have actually revealed that they have actually signed a 10-year solar energy purchase agreement (PPA) in Italy. According to the deal, the committed energy will certainly be generated by a 112 MW utility-scale solar power portfolio had by Enfinity Global.

The main declaration by Enfinity held that the solar power portfolio, consisting of 3 solar plants located in the Viterbo province of the Lazio area as well as its expected to end up being operational in the initial fifty percent of 2024. The solar power plant will create 191 GWh of clean electricity each year, sufficient to power 71,000 homes. It will certainly help offset 76,500 tons of CO2 emissions and also its equivalent to the amount caught by 3,500 fully grown trees.

Carlos Domenech, CEO, Enfinity Global, stated, "We are very pleased to partner with a top quality leader like Statkraft as we remain to develop our current 2.3 GW of solar energy plants in Italy. We expect the Italian PPA market to rapidly evolve, bringing effectiveness as well as energy predictability to customers."

"This important deal, standing for one of the greatest PPA purchases in the country, validates Statkraft's positioning as a key player in power purchase agreements markets and the strategic role the business has in facilitating the renewable energy shift" stated Gennaro Mathieu D'Annucci, Head of Origination Italy and also France at Statkraft.

Enfinity Global owns a 2.3 GW geographically diversified pipeline of projects in Italy, including 430 MW of fully allowed projects that will begin construction in the coming months. In December 2022, Enfinity introduced the closing of EUR142 million project financing for the building and construction of the above pointed out 112 MW portfolio.

Enfinity Global is one of the fastest-growing investors, owners, operators, and also developers of renewable energy assets, with an existing global portfolio of over 7 GW of nuclear power plant in operation, incomplete as well as in various stages of development in energy markets with solid principles. Previously this month, Enfinity introduced the procurement of a 400 MW operational utility-scale solar portfolio in the United States market, noting a growth.

Statkraft offers standardised PPA solutions and also takes care of significant market and also operational risks connected to the lasting offtake of power from eco-friendly power plants.