Trailstone Group has signed a route-to-market Power Purchase Agreement (PPA) with Glennmont Partners from Nuveen which involves 84 MW of wind capacity in Italy. With this deal, Trailstone's wind capacity management in Italy for 2023 surpasses 500 MW, while the total renewable assets managed by Trailstone across Europe now exceeds 4.3 GW.
The PPA enables Trailstone to leverage its market access, expertise, and proprietary renewables optimization platform to mitigate balancing risk and optimize trading revenues for Glennmont's wind generation assets in Italy.
Trailstone's optimization platform utilizes advanced weather models, data analytics, and Artificial Intelligence (AI) to enhance the prediction of renewable energy supply and optimize returns for asset owners. This, in turn, improves the management efficiency of renewables at the grid level, allowing for increased asset connections, reduced reserve requirements, and lower costs, ultimately benefiting end consumers.
Country updates
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May 10, 2023
Telecom Italia, ERG sign PPA for 200GWh/year of renewable energy
Telecom Italia (TIM) has announced that it has expanded a 9-year power purchase agreement (PPA) with ERG. This is part of TIM's push towards clean energy, and the new agreement will add 200 GWh...
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May 08, 2023
Edison signs contract with Berco for 7.1 MWp solar PV project in Ferrara
Edison Next, a company under the Edison Group, has signed a 20-year onsite power purchase agreement (PPA) with Berco, a ThyssenKrupp Group company specializing in the manufacture of undercarriage comp...
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April 25, 2023
Encavis completes acquisition of two solar projects in Lazio
Encavis AG has completed the acquisition of two ready-to-build Italian solar park projects in the Lazio region, about 100 km Northwest of Rome. The Montalto di Castro solar park will have a gener...
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April 24, 2023
EDPR, P&G sign 109 MW Italian solar PPA
EDP Renováveis has entered into a power purchase agreement (PPA) with multinational consumer goods company Procter & Gamble (P&G). Under the agreement, P&G will purchase 109 MW of s...
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April 19, 2023
Enfinity signs solar PPA with Statkraft for Italian clean energy commercialization
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 clos...
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