KGAL given go-ahead for three Italian solar sites

• The projects in the Lazio area as well as Sicily will have a combined capacity of 380MW

KGAL has actually received approval for 3 large-scale solar PV projects in Italy with an incorporated capacity of 380MW.

The projects in the Lazio region and Sicily, will be successively linked to the grid from the very first quarter of 2024.

KGAL projects that will certainly soon go under building is the 150MW Tuscania, one of the largest solar parks ever before approved in Italy with a capacity of 150MW.

KGAL has additionally achieved ready-to-build standing for the 90MW Vitorchiano solar park.

The place of these 2 plants in between the north of Italy and Rome is tactically advantageous, as greater electricity prices can be attained in this area, the company stated.

The 3rd authorized project is the 140MW Pietra Monreale, which is being integrated in Sicily.

Along with electricity generation, the land bordering this supposed 'agricultural solar park' will certainly likewise be made use of for farming objectives such as olive and also fruit farming

KGAL is establishing solar and also wind parks with a total capacity of greater than 1.2 GW in the Italian market.

Institutional investors of the funds KGAL ESPF 4 as well as KGAL ESPF 5, which is presently being marketed, will certainly participate in these investments.

The mix of solid solar radiation as well as above-average electrical power prices make Italy among one of the most eye-catching markets in Europe for solar PV projects, KGAL said.

Additionally, the Italian federal government has actually motivated the expansion of renewable resource generation with the intro of legislative campaigns in the past year, the business stated.

The share of green power within the overall power consumption is set to climb rapidly from 20% in 2020 to 30% in 2030.

KGAL Investment Management managing director of sustainable infrastructure Michael Ebner claimed: "The approval procedures have become much easier and also quicker.

" KGAL, which is among the biggest solar PV capitalists in Italy, is taking advantage of the growing energy with its renewable resource funds as well as is, in turn, making a significant payment to accomplishing the expansion targets."