Engie has formalised a renewable electricity supply contract with Apple in Italy. The 15-year contract provides for the construction and modernisation of several energy installations representing a total capacity of 173 megawatts (MW). The project includes two agrivoltaic farms totalling 88 MW, two wind farms of 74 MW, and the repowering of an existing 11 MW wind farm.
The installations will be located in southern Italy and have already received the necessary permits for development. The commissioning of the sites is scheduled between 2026 and 2027. The estimated annual production volume exceeds 400 gigawatt-hours (GWh), of which 80% will be allocated to Apple, while the remaining 20% will be fed into the Italian grid.
Production oriented towards industrial demand
The contract is based on a Power Purchase Agreement (PPA), which allows companies to secure a fixed energy price over the duration of the contract. Engie states that the volumes not allocated to Apple will cover the annual electricity needs of approximately 30,000 Italian households.
The project also includes a repowering operation, replacing part of the components of an existing wind farm to increase capacity and extend its operational life. This technique enables continued production without requiring new permits, fitting into a strategy of asset optimisation.
A contractual lever to secure revenues
Engie is continuing to expand its activities through PPAs in several geographical areas. The group signed 4.3 gigawatts (GW) of renewable PPAs in 2024. The agreement with Apple is part of this strategy of securing long-term revenues in a context of high energy market volatility.
The company did not specify the end uses of the electricity supplied to Apple under this agreement. The American group has not commented on the specific infrastructure involved. However, this type of contract enables industrial clients to stabilise their energy costs over several years.
