Renewables investor Galileo has secured a corporate power purchase agreement (CPPA) with US producer Cargill for a solar photovoltaic project in southern Italy. The project, with a total capacity of 79MW, represents a significant addition to Galileo's portfolio of offtake solutions with industrial clients.
Paolo Grossi, Chief Commercial Officer of Galileo, expressed pride in the agreement with Cargill, highlighting its ability to mitigate risks associated with volatile energy markets and fluctuating electricity prices. He stated, “Working closely with a global industry leader committed to sustainability like Cargill is very inspiring and has confirmed our ability to create tailor-made solutions that meet specific requirements whilst generating value for both Parties.”
Christina Yagjian, Cargill Global Renewable Energy Leader, emphasized the role of renewable energy in decarbonizing operations. She said, “Renewable energy will continue to play a critical role in helping us decarbonize our operations. We appreciate Galileo's partnership in helping demonstrate our commitment to a greener energy mix and achieving our climate goals and those of our customers.”
