Enfinity, Statkraft sign PPA for 112 MW of Italian solar

US-based renewable energy and sustainability services company Enfinity Global Inc has secured a 10-year power purchase agreement (PPA) for a 112-MW portfolio of utility-scale solar projects in Italy.

The counterparty to the contract is Norwegian utility Statkraft. Its head of origination in Italy and France, Gennaro Mathieu D'Annucci, pointed out that this is one of the largest PPA transactions in the country.

The Italian solar portfolio includes three plants that will be built in Viterbo province, in the region of Lazio. They are expected to be completed in the first half of 2024, at which time they will have the combined capacity to produce some 191 GWh of electricity per year. Construction financing for the portfolio was obtained in December.

Enfinity Global’s project pipeline in Italy totals 2.3 GW, including 430 MW of fully-permitted schemes that should start construction in the coming months.

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