en.Wedoany.com Reported - Galileo Green Energy has commenced construction of the Gambolo Solar Park in northern Italy, with an installed capacity of 5 megawatts, marking a further expansion of the Swiss renewable energy developer's operations in the Italian market. The park will be built under a Contract for Difference (CfD) support scheme, providing price stability for solar power generation.
The Gambolo facility is designed as a utility-scale solar installation with a total capacity of 5 MW. The company stated that, as Italy continues to advance renewable energy power development, the start of this project is part of recent development efforts in the Italian market, contributing to an increase in domestic clean electricity supply.
The project receives price stability support through a Contract for Difference (CfD), reducing revenue uncertainty and improving project bankability, thereby supporting broader renewable energy deployment. By replacing fossil fuel power generation and reducing lifecycle carbon dioxide emissions, the park will strengthen Italy's decarbonization process. Additionally, by diversifying power generation sources, the project helps reduce dependence on imported fuels, lowers exposure to wholesale price volatility, and enhances energy security.
The Gambolo Solar Park will help accelerate the achievement of EU and Italian national renewable energy targets, converting planned projects into operational capacity. The project encourages utility-scale solar integration, supporting operational experience in utility-level connection and dispatch of distributed generation. Site preparation, electrical engineering, and civil engineering works during construction, as well as subsequent ongoing operation and maintenance activities, will stimulate local economic activity. The implementation of this project also demonstrates continued investment by international developers in Italy, helping to build competitive market momentum and supporting the growth of the future solar project pipeline. By creating bankable capacity supported by long-term contract frameworks, the project also supports investment planning for utilities and suppliers.
