en.Wedoany.com Reported - Renewable energy company Enfinity Global recently signed bilateral agreements totaling 1.8 TWh with several industrial customers under Italy's Energy Release 2.0 mechanism, aiming to promote the construction of new power generation facilities. The agreements involve energy-intensive companies and market operators such as Feralpi, ISAB, De Angeli, and Magis Energia to support solar project development.
To fulfill the agreement obligations, Enfinity Global plans to build approximately 120 MW of new solar photovoltaic capacity across Italy. These projects are expected to be connected to the grid in the second quarter of 2029, increasing power supply and helping industrial customers secure more stable electricity prices. This move builds on Enfinity's continued expansion in Italy: in December 2023, the company secured €118 million in financing for four utility-scale solar power plants in the Lazio region with a total capacity of 101 MW, scheduled for operation in 2024; in 2025, it obtained €316 million in financing to build eight solar power plants with a total capacity of 276 MW, located in Emilia-Romagna, Basilicata, and Lazio, expected to be operational by the end of 2026.
Through the Energy Release 2.0 mechanism, Enfinity Global connects the needs of high energy-consuming enterprises with renewable energy development, allowing companies to secure dedicated energy volumes by investing in new power generation projects. The company has a pipeline of approximately 8.5 GW of solar and storage projects in Italy, with 345 MW currently operational, 460 MW under construction, and about 805 MW of power purchase agreements signed, highlighting its long-term collaboration with industrial customers.
Alice Cajani, General Manager of Energy Commercialization Europe at Enfinity, stated: "We thank our customers for their trust in Enfinity. These agreements reinforce our track record of collaboration. Energy-intensive customers will benefit from more predictable energy prices, enhancing their competitiveness and providing confidence for long-term planning. By linking demand with new capacity deployment, the 120 MW project will help expand supply for Italian industry."
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
