星期二, 四月 7, 2020
Home PV News Italian PPA-linked solar portfolio sold

Italian PPA-linked solar portfolio sold

Chinese-Canadian module manufacturer Canadian Solar and Italy’s Manni Energy have sold five PV plants with a total generation capacity of 17 MW to Dutch independent power producer Sonnedix. The Sicilian projects are among Italy’s first operational unsubsidized PV facilities.

Source:pv magazine

Netherlands-based independent power producer Sonnedix has agreed to buy five PV plants with a combined generation capacity of 17.7 MW in Sicily, southern Italy, from a joint venture formed by Chinese-Canadian module manufacturer Canadian Solar and Italy’s Manni Energy.

The financial terms of the deal were not disclosed.

Annual power production from the five facilities, all located in the province of Agrigento, is estimated at around 34 GWh.

The plants were commissioned last month and are selling power under a 10-year power purchase agreement (PPA) signed by German clean energy provider TrailStone Renewables GmbH. The off-taker is part of the Trailstone gas, power and commodities trading group owned by New York-based private equity house Riverstone Holdings. The power supply deal was sealed at the end of 2018. At the time, Canadian Solar and Verona-based Manni Energy said the plants would have begun commercial operations in the third quarter of last year.

Longest deal

Canadian Solar said the PPA related to the five solar parks covers all of the generated energy and is the longest term negotiated for such a deal for operational facilities in Italy to date.

Last week, the Ontario-based solar manufacturer secured financing for 12 unsubsidized solar projects it wants to develop across Italy in Sicily, Apulia and Lazio.

London-based Octopus Energy operates four solar plants in Montalto di Castro, in the Lazio region of central Italy, which have a two-year PPA to supply energy to Genovese electricity trader Ego. The plants, which have a combined generation capacity of 66 MW, were commissioned in March 2018.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Tata Power Solar bags 300 MW CPSU II project from NTPC

Tata Power Solar—a wholly-owned subsidiary of integrated power producer Tata Power—has received a Letter of Award from state-owned power generator NTPC to build a 300 MW...

Greece wraps up PV tender with record-breaking €0.04911/kWh tariff

Greece has launched a series of renewable energy tenders to procure new solar PV and wind power capacity in separate auctions and joint tenders....

All-in-one device integrating a microinverter and optimizer

Power electronics researchers from Estonia’s TalTech Power Electronics Research Group and startup Ubik Solutions have developed a hybrid inverter solution that integrates a microinverter...

Lowest shortlisted bid in Saudi 1.47 GW tender was $0.0161/kWh

Saudi Arabia has announced the shortlisted bidders of the second round of its National Renewable Energy Program (NREP) tender, which includes four solar plants totaling 1.4 GW,...