Enfinity Global Inc. (EG) has signed a long-term Solar Power Purchase Agreement (PPA) with Statkraft to commercialize 34 GWh/year of clean electricity in Italy. This agreement will complement the closing of an additional 191 GWh announced back in January 2023. The 225 GWh/year of clean energy contracted will be produced by the 134 MW utility-scale solar power portfolio situated in Viterbo. When operational, the electricity produced will be sufficient to power 85,000 homes and would offset 91,500 tons of CO2 emissions, equal to the amount captured by 4,200 mature trees.
Enfinity Global consolidated its position as a world leader in Italy in 2022 by ranking as the top utility-scale solar energy company with the highest number of MW for approval during the year. EG owns a portfolio of over 2.3 GW projects in several stages of development in Italy. The company has closed EUR22.6 million (US$24.7 million) Santander Corporate & Investment Banking and BayernLB in financing for the construction of a 22 MW utility-scale solar power plant to serve the new PPA.
Enfinity Global remains committed to clean energy and continues to explore avenues to expand clean energy production in Italy and in other locations it has a presence.
Country updates
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April 13, 2023
Glennmont Partners completes acquisition of 65 MW solar portfolio in Basilicata
Glennmont Partners, an affiliate of Nuveen Infrastructure, has completed the acquisition of seven solar photovoltaic (PV) projects located in southern Italy and has a combined capacity of 65 MW.&...
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March 27, 2023
Enel Green Power commissions 17 MW solar PV project in Emilia-Romagna
Enel Green Power has commissioned the Malvezzi solar photovoltaic (PV) project in the northern Italian region of Emilia-Romagna. The project is located in Poggio Renatico, spans over 22 hectares, and...
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March 21, 2023
Solitek to build 600 MW of Italian solar module factory
Solitek has announced plans to build a new solar module factory in southern Italy. The factory will be located in Benevento and is expected to have an annual capacity of 600 MW. With an initial invest...
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March 20, 2023
Eni completes installation of wave energy converter project in Italy
Eni has completed the installation of an inertial sea wave energy converter (ISWEC) device connected to the Italian island of Pantelleria's electricity grid. The project consists of a steel hull 8 m b...
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March 10, 2023
Galileo, Hope Group form JV for 1.1 GW floating wind project in Italy
Galileo has entered into a joint venture with Hope Group for the development of a 1.1 GW floating wind project located in the Adriatic Sea in Italy. The project named 'Barium Bay, will be located more...
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