Renantis, an independent power producer (IPP) in the renewable energy market, has entered into a short-term power purchase agreement (PPA) with solar developer Reden, regarding 11 solar farms in Italy. These solar farms, with a total installed capacity of 90MW, are expected to be completed by the second half of 2024.
Under the 18-month PPA, Renantis will be the offtaker for the energy produced by Reden's solar plants upon completion. The agreement covers solar plants distributed across Italy, with five in the north, five in the central region, and one in the south.
The partnership between Renantis and Reden highlights a commitment to the country's energy transition by rehabilitating degraded or abandoned areas to generate green electricity. This approach aligns with Italy's renewable energy goals and contributes to the overall sustainability of the energy sector.
Margherita Tassi, Power Originator Italy & UK of Renantis, expressed satisfaction with the agreement, stating, “Reden is an important group to partner with in Italy, and we are happy to start a collaboration working towards the energy transition and for the growth of clean energy production in the country.”
Luca Crisi, Country Manager of Reden Italy, emphasized the company's commitment to sustainability and community engagement, saying, “Several of our PV plants have been established on previously polluted sites, which we have rehabilitated at our own expense.”
Crisi added, “Our focus on repurposing disused areas and revitalising abandoned quarries and industrial zones demonstrates our commitment to fostering regional sustainability in collaboration with local communities.”
The agreement between Renantis and Reden represents the initial phase of a larger project comprising 24 photovoltaic units, all aimed at producing low-carbon energy in harmony with the local ecosystem. This partnership marks a significant step forward for both companies in contributing to Italy's clean energy goals.
