EDP Renewables, a global leader in renewable energy development, has secured long-term contracts to sell 100 MW of clean energy in Italy. The contracts were awarded by Gestore Servizi Energetici (GSE), the Italian institution responsible for managing incentives for renewable energy plants in the country. The contracts are for three renewable projects in southern Italy, which will contribute to Italy’s goal of reaching 80 GW of installed capacity by 2030.
By selling renewable energy to the Italian grid for 20 years, EDP Renewables will play a significant role in accelerating the energy transition in Italy. The company aims to have the three onshore wind projects operational by 2026. The contracts were awarded through Contracts for Difference (CfD) auctions, which ensure the continued development of renewable projects, enhance competitiveness, and protect consumers from volatile price periods.
With the allocation of these 100 MW, EDP Renewables has already secured 57% of the capacity target for the 2023-2026 period. Italy is a key market for the company in Europe, and it has been operating in the country since 2012. EDP Renewables will continue to work towards Italy’s decarbonization goals and drive benefits such as employment and economic growth.
This announcement highlights the commitment of EDP Renewables to the energy transition and its contribution to the clean energy sector in Italy. The company’s expertise in renewable energy development positions it as a leader in the industry, and its expansion into Italy further strengthens its global presence. With the increasing demand for clean energy, EDP Renewables is well-positioned to contribute to the sustainable development of the energy sector in Italy and beyond.
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