German investment firm KGAL has signed a ten-year power purchase agreement (PPA) with Italian utility and EDF subsidiary Edison to sell power generated from the 150 MW Tuscania solar project in Lazio, Italy.
The KGAL ESPF 4 fund owns the site, which ranks among Italy's largest solar parks. Production of electricity is set to commence in the latter half of 2024. KGAL anticipates completing the project, currently being built in central Italy. The company is specifically focusing on expanding its solar sector, aiming to incorporate 2 GW of new solar capacity by 2030. This surpasses its plans for 1 GW of new wind capacity and 1 GW of renewable hydrogen production.
Country updates
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September 19, 2023
Ardian takes ownership of ICQ Holding in Italy
Ardian has acquired 100% of ICQ Holding, a diversified renewables platform with 198 MW of capacity, including 109 MW currently in operation and 89 MW under development, in Southern Italy. The ICQ Hol...
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July 24, 2023
BKW completes acquisition of 130 MW wind farms in Puglia
BKW has completed the purchase of two wind farms with a combined capacity of 130 MW located in Cerignola, Puglia, Italy. The wind farms will enter the construction phase in 2024 and are pl...
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July 20, 2023
Banco BPM awards EUR17.7mn loan for 15.2 MW Forenza wind project in Basilicata
Banco BPM has granted IVPC Group a EUR17.7 million (US$19.84 million) loan for the development and construction of the 15.2 MW Forenza wind farm project located in Basilicata, Italy.&nb...
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July 17, 2023
RWE secures FID for two wind projects in Apulia
RWE has taken the final investment decision to build two new onshore wind farms in the Apulia region with a planned capacity of 108 MW. Both projects, San Severo, located in San Severo Munic...
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July 06, 2023
Renantis launches crowdfunding campaign for 8.16 MW solar agrivoltaic project in Udine
Renantis has launched a crowdfunding campaign to support the construction of the 8.16 MW La Manganizza agrivoltaic project to be located in Manzano, in the province of Udine, Italy. The facility will...
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