EDP Signs Major Contract

EDP, chosen by Verallia, will build five new photovoltaic plants with a total capacity of 15MWp.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

EDP, chosen by Verallia, will build five new photovoltaic plants with a total capacity of 15MWp. Thus the production of clean energy generated by this partnership could reach 16GWh per year.

A major contract for EDP

EDP announces the largest contract in a European country, Italy. The construction of these parks allows Verallia to consider a reduction of 8,000 tons of CO2 per year. This represents the equivalent of the CO2 emissions of 8,000 thermal vehicles.

Vera Pinto Pereira, Director of EDP, states:

“The collaboration with an international reference company like Verallia will allow us to accelerate the growth trend we are experiencing in Italy and consolidate EDP’s global growth in this very important segment for the energy transition. Every customer who embraces solar energy makes a contribution to an economy that is less dependent on polluting sources and, in the case of Verallia, we are talking about a decisive contribution, with the installation of 15 MWp that will produce clean energy.”

The project includes the construction of plants in the Italian regions of Verona, Savona, Mantua and Vicenza. In total, nearly 28,000 solar panels will be installed by 2023 on a surface of more than 142,000 square meters.

Italy a growing market

Since 2020, EDP is experiencing significant growth in the Italian market. In the last 10 months, it has increased its solar production capacity fivefold. With Enertel, the solar company acquired last year, its total contracts in the country amount to 70MWp. Thus, ithis is the most important partnership announced by EDP in Italy to date.

Indeed , the ecological transition is central to Verallia’s policy. Marco Ravasi, CEO of Verallia, states:

“Sustainability is at the heart of Verallia’s energy agenda. […] The agreement signed with EDP Energia Italia is strategic for us as it allows us to collaborate with one of the leading global players in renewable energy solutions for businesses, giving a strong boost to our commitment to the energy transition, one of the pillars of our roadmap reduce CO2 emissions by 46% by 2030.”

The first photovoltaic park will supply Verallia with renewable energy from the beginning of next year.

The company has secured a 108 MW solar project in Sicily, its largest in Italy, following the second national FER X auction, strengthening its portfolio of energy investments in the country.
Independent power producer GreenGo strengthens its portfolio to 193 MW under public schemes, after winning a new 48 MW solar project through the FER X NZIA programme.
Italy awarded over 1.1 gigawatts to 88 solar projects using no Chinese equipment, in a European first, at an average tariff of €66.38/MWh, 17% above previous auctions.
French firm Newheat forms a joint venture with Sunmark Chile to develop large-scale solar thermal heat projects for the mining sector, targeting decarbonisation of copper extraction processes in Chile.
Scatec has begun commercial operation of the second phase of its 120 MW solar project in Mmadinare, marking a strategic step in Botswana’s energy sector.
Origis Energy finalised a $290mn financing with Natixis CIB and Santander for the Swift Air Solar II and III projects, totalling 313 MWdc of installed capacity in Ector County, Texas.
ACWA Power and Bapco Energies signed a joint development agreement for a solar power plant integrated with storage technology in eastern Saudi Arabia, to supply electricity to Bahrain.
The Tilley Solar project, led by Indigenous and private partners, has reached full commissioning, adding 23.6 MW to Alberta's power grid and marking an economic milestone for Alexander First Nation.
Waaree Solar Americas will supply next-generation bifacial modules to Sabancı Renewables for two utility-scale solar plants in Texas, strengthening its presence in the North American market.
A court in Illinois has dismissed a lawsuit filed against ECA Solar, removing legal barriers to the construction of a planned solar facility outside the city limits of Morris.
EDF power solutions acquires a 20% stake in Obelisk, a 1.1GW hybrid solar and storage project in Egypt led by Scatec and Norfund, marking a new milestone in its regional strategy.
Mitsubishi HC Capital Energy and Ecokaku will develop 10 MW of non-subsidised solar power plants annually in Japan, targeting direct contracts with industrial buyers through long-term power purchase agreements.
Canadian company NU E Power plans to fund the development of its solar projects in Lethbridge and feasibility studies in Mongolia, Malaysia, and Africa through a $1.8mn private placement.
Citicore Renewable Energy Corporation signed a PHP3.975bn ($71mn) project finance loan with Bank of the Philippine Islands to accelerate the completion of its 113MW solar power plant in Pangasinan province.
Norwegian producer Scatec launches commercial operation of its 273 MW solar plant in Western Cape under a 20-year power purchase agreement.
Scatec has signed two shareholder agreements for its 1.1GW hybrid project in Egypt, reducing its economic interest while retaining operational control.
The French subsidiary of Solarwatt has filed for court-ordered restructuring, hit by reduced public subsidies and a downturn in the residential solar segment.
Zelestra sells its Latin American platform to Promigas, including 1.4 GW of operational or under-construction assets and 2.1 GW of advanced-stage projects in Chile, Peru and Colombia.
Over 140 solar sector companies have urged Congress to lift a directive from the Department of the Interior blocking permit approvals, putting hundreds of energy projects in the United States at risk.
Un terminal portuaire en Espagne alliera réfrigération industrielle haute performance et production solaire pour optimiser les coûts énergétiques et les capacités logistiques de PTP Ibérica, avec un démarrage prévu d’ici mi-2026.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.