Renovit to set up 10 MW of solar for Italian shipbuilder Fincantieri

• Renovit, a device of Snam SpA (BIT: SRG) as well as an associate of CDP Equity (CDPE), will certainly set up solar arrays with an integrated capacity of 10 MW on several sites owned by Italian shipbuilder Fincantieri SpA (BIT: FCT).

Via its fully-owned subsidiary TEP Energy Solution, Renovit will deploy 22,000 solar photovoltaic (PV) panels at Fincantieri's shipyards in Marghera (Veneto), Monfalcone (Friuli-Venezia Giulia), Riva Trigoso and also Sestri Ponente (Liguria), in addition to at the engine production plant in Modugno - Bari (Apulia).

Fincantieri SI, a Fincantieri Group business, has actually been associated with making the solar arrays and will certainly participate in their installment also.

The solar energy systems will certainly enable the consumer to accomplish energy expense financial savings of between 75% and also 100% as well as thus decrease the demand to purchase concerning 11 GWh of power from the grid yearly, Renovit stated.