Italian utility Edison SpA has acquired a 50% stake in Wind Energy Pozzallo Srl, the entity spearheading a 975-MW floating offshore wind project off the coast of Sicily, Italy. The move marks a significant stride in Edison's strategy to bolster its presence in the renewable energy sector, the company announced on Wednesday.
“The agreement will allow Edison to accelerate its growth plan in renewable energy, aiming to reach a green capacity for the Group of 5 GW from the current 2 GW by 2030,” stated Marco Stangalino, vice president and power asset director at Edison.
Wind Energy Pozzallo's ambitious project envisions installing offshore turbines approximately 25 km (15.5 mi) from Pozzallo in Sicily. Currently undergoing authorization with the Italian Ministry of the Environment (MASE), the project is pivotal in supporting Italy's target of expanding its renewable energy capacity to 131 GW by 2030.
Edison's acquisition underscores its commitment to advancing sustainable energy solutions and leveraging offshore wind potential in the Mediterranean region. The project's development phase will be supported jointly by Edison and Blunova SpA, facilitating engineering tasks and other essential activities during the authorization process.
Earlier this month, Italy received approval from the European Commission for a state aid measure aimed at adding 4,590 MW of new renewable energy capacity, including offshore wind, further reinforcing the country's renewable energy ambitions.
