Espe shines in Italy with 59 MWp solar projects
- Espe SpA shines bright with new solar park contracts in Italy, adding 59 MWp of power generation capacity and expanding their backlog to EUR 85 million.
Espe SpA, an Italian renewable EPC services provider, has secured contracts to install three solar photovoltaic parks in Italy, adding 59 MWp of power generation capacity. The deals, valued at EUR 31 million, were placed by three independent power producers, expanding Espe's backlog to EUR 85 million. The contracts cover the construction of solar PV plants, with up to 98% of the deals focused on this.
One of the contracts worth EUR 17.8 million involves the construction of five PV plants in Northern Italy with a combined capacity of 36 MWp, set to be operational by the first half of 2025. Another contract worth EUR 7.2 million will see Espe building two solar parks in Macerata and Sassari, totaling 11 MWp and expected to be energized by the end of 2024. The third contract involves the installation of a 12-MWp PV farm in Bari, to be completed this year for a foreign IPP.
Espe's recent EPC deals highlight the growing demand for solar projects in Italy, with the company playing a key role in expanding the country's renewable energy capacity. The contracts demonstrate Espe's expertise in the solar sector and its ability to secure significant projects in the Italian market, contributing to the country's transition towards cleaner energy sources.
What recent contracts has Espe SpA secured in the Italian solar industry?
- Espe SpA secured a EUR 17.8 million contract to build five PV plants in Northern Italy with a combined capacity of 36 MWp, set to be operational by the first half of 2025.
- Another contract worth EUR 7.2 million will see Espe constructing two solar parks in Macerata and Sassari, totaling 11 MWp and expected to be energized by the end of 2024.
- The company also secured a contract for the installation of a 12-MWp PV farm in Bari, to be completed this year for a foreign IPP.
- These contracts add a total of 59 MWp of power generation capacity to Italy's solar industry and contribute to Espe's backlog, which now stands at EUR 85 million.
