Italy's Solar Boom: KGAL, Edison Ink 150MW PPA

• KGAL Investment Management signs 10 year PPA with Italian utility Edison for its 150MW Tuscania solar park in Lazio. Be part of one of the largest solar parks in Italy with fixed price electricity production starting in 2024. Join KGAL in their 10 year renewable energy journey across Italy.

KGAL Investment Management has signed a 10 year Power Purchase Agreement (PPA) with the Italian utility Edison for its 150MW Tuscania solar park in Lazio. The site will be held by the KGAL ESPF 4 fund and is one of the largest solar parks in Italy. The PPA will see Edison buy electricity produced by Tuscania at a fixed price over the 10 year period, with production set to begin in the second half of 2024. KGAL has been active in the Italian renewable energy market since 2010 and currently holds a portfolio of 30 solar parks and hydropower plants, with more than 500MW in the planning or construction phase.

How Has KGAL Secured a 10 Year PPA for Tuscania Solar Park?

• KGAL secured the 10 year PPA through its experience in the Italian renewable energy market since 2010, with a portfolio of 30 solar parks and hydropower plants.
• KGAL ESPF 4 fund is the holder of the Tuscania Solar Park, one of the largest solar parks in Italy.
• The PPA guarantees Edison will buy electricity at a fixed price for a 10 year period, with production to begin in the second half of 2024.
• By 2030, KGAL has plans to increase its installed renewable energy capacity to 1.5GW.
• KGAL is also investing in green hydrogen projects in France and Germany.
• KGAL is committed to creating jobs and supporting local communities in its operations, with plans for the Tuscania Solar Park to create up to 500 direct and indirect jobs.