Renewable

September 29 (Renewables Now) - Italian energy company ERG SpA (BIT:ERG) announced on Tuesday it has been awarded a 20-year tariff for 143 MW of wind projects competing in Italy's latest green tender.

The awarded capacity comes from three repowering projects located in Sicily -- Partinico-Monreale, Mineo-Militello and Vizzini. The overall investment in the schemes is approximately EUR 150 million (USD 175.2m), the Italian firm said, noting that this is its first tender award for repowering projects.

Construction of the wind farms is currently in the start-up phase.

Once up and running, the three power plants will be able to generate about 330 GWh per year, enough to offset some 166 kilotonnes of carbon dioxide (CO2) annually. Commissioning is expected to happen between the end of 2022 and the third quarter of 2023.

The auction is the sixth held by the Italian state-owned energy service system operator Gestore dei Servizi Energetici GSE SpA. More information about its outcome can be found here: https://renewablesnow.com/news/italian-tender-awards-near-600-mw-in-6th-round-755583/

(EUR 1.0 = USD 1.168)