September 26 (Renewables Now) - Italian steel group ORI Martin SpA will be receiving the output of a 53-MW solar power plant in Sardinia for five years under an agreement with German investor KGAL and commodities trading house DXT Commodities.
DTX will be buying roughly 95 GWh per year from KGAL’s photovoltaic (PV) park under a fixed-price power purchase agreement (PPA), Italian media reported this week. The company will then sell the electricity to Ori.
The solar farm is planned to be up and running in the second half of 2020.
PPA announcements in Italy become a regular news stream towards the end of 2018 and early 2019, in a clear indication that the transformation of the Italian solar market has started and that PPAs will be one of the main tools, supporting the future expansion of the country’s solar power capacity. Italy already has 20 GW installed and a PV capacity target of 50 GW for 2030 in the National Integrated Plan for Climate and Energy 2030.