JUWI Sells 50.5-MW Italian Solar Projects to Kelag

• JUWI's Italian solar sale to Kelag boosts Europe's green energy push, marking a pivotal step in sustainable power expansion.

German project developer JUWI GmbH's Italian subsidiary has sold a 50.5-MW portfolio of ready-to-build solar projects in Italy to an Austrian energy company, Kelag. This transaction marks a significant step in JUWI's strategy to focus on developing and selling renewable energy projects.

Kelag, through its unit, aims to expand its renewable energy footprint in Italy, aligning with its broader strategy to increase sustainable energy production. The acquisition underscores the growing interest and investment in renewable energy projects across Europe, as companies seek to enhance their green energy capabilities and contribute to the transition towards cleaner energy sources.

How does Kelag's acquisition of JUWI's solar projects impact renewable energy in Italy?

• Strengthens Kelag's position in the Italian renewable energy market, enhancing its portfolio and influence.
• Contributes to Italy's national renewable energy targets by increasing solar energy capacity.
• Encourages further investment in renewable energy infrastructure in Italy, potentially leading to job creation and economic growth.
• Demonstrates the viability and attractiveness of the Italian market for international renewable energy investors.
• Supports the European Union's broader goals for carbon reduction and sustainable energy transition.
• Promotes technological and operational expertise exchange between Austrian and Italian renewable sectors.
• Enhances energy security and diversification in Italy by reducing reliance on fossil fuels.
• Sets a precedent for future cross-border renewable energy collaborations within Europe.