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 than 40 km off the coast and encompasses the sea between Barium and Barletta.
The project will have 74 15-MW wind turbines. As a result, it will be capable of capturing speeds fast enough to generate more than 3 billion kWh of energy. According to the joint venture, this equates to the annual electricity consumption of over a million Italian households.
The Barium Bay Joint Venture intends to submit its Environmental Impact Assessment (EIA) application by the summer of 2023. To that end, the Barium Bay Joint Venture is currently completing the necessary technical and environmental studies.
Eko Agro Group (EAG) has signed a preliminary agreement with RWE Renewables Italia to develop 35 Agri-Photovoltaic (APV) sites in Italy, covering approximately 850 ha of agricultural land across sever...
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Read moreCanadian Solar has entered into an agreement to sell a 30% stake in its first Italian alternative investment fund, CSFS Fund I, to Gardant Investor SGR. As the investor of CSFS Fund I, Gardant is the...
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