UniCredit to off-take 25 MW of Italian solar

UniCredit has entered into a partnership with CVA for the supply of renewable energy in Italy. The bank has agreed to a corporate Power Purchase Agreement (PPA) with green power producer CVA. Three new solar plants will be built as a result of the collaboration in Piedmont, Lombardy, and Sicily.

The new solar plants, with a total capacity of 25 MW, will be operational in 2023, producing 35 GWh per year to supply the energy demand of UniCredit data centers in Verona, accounting for approximately 20% of the bank's total electricity consumption in Italy. CVA will charge UniCredit a set price for green energy.