Zelestra has obtained a contract for a solar project with a capacity of up to 108 MW in Sicily, following the second auction of the FER X mechanism (Fonti Energetiche Rinnovabili X) in Italy. This project is the largest asset in the company’s Italian portfolio in terms of installed capacity, expanding its industrial exposure in the local market.
This award follows an earlier round of results in early December, when Zelestra secured eight solar projects totalling approximately 60 MW in the first FER X auction. The FER X mechanism is based on the allocation of long-term contracts designed to support investments in renewable production capacity, providing revenue visibility for selected projects.
Strengthening of asset portfolio in Italy
Italy is one of Zelestra’s fastest growing markets. The company is developing a portfolio exceeding 1.4 GW, combining solar projects and Battery Energy Storage Systems (BESS). This asset base reflects an investment strategy focused on large-scale projects spread across several regions of the country.
Earlier this year, Zelestra announced the signing of a power purchase agreement for a 2 GWh battery storage project in northern Italy. This project, among the largest in Europe in its segment, forms part of an approach aimed at optimising energy infrastructure and diversifying long-term revenue streams.
Financial visibility and development schedule
The contracts secured under the FER X auctions provide contractual stability that facilitates financing and project structuring. Zelestra plans to start construction work on all awarded projects during the coming year, following the completion of regulatory and technical phases.
The succession of positive results in two closely timed auction rounds highlights the level of project readiness presented by the company. The gradual increase in secured capacity in Italy positions these assets at the core of Zelestra’s investment strategy in the European energy market.
