GreenGo said it has secured 101 megawatts (MW) of capacity in Italy’s FER X auction, obtaining awards for four photovoltaic projects and three wind farms. The company said the allocation represents about 1% of the total volume auctioned by state energy agency GSE.
With the latest results, GreenGo’s renewable capacity supported by national incentive schemes has increased to 145 MW. The company said its admission to the FER X ranking strengthens its position as a growing independent power producer (IPP) in Italy’s renewable market.
Chief Executive Giuseppe Mastropieri said the outcome reinforces GreenGo’s industrial strategy across multiple technologies. “The outcome of this auction marks a powerful acceleration in the affirmation of GreenGo’s industrial project as a multi-tech renewable IPP,” he said.
Mastropieri added that all projects submitted to the auction were approved. “We won with all seven candidate projects. It’s a strike with 100% award for a total of 100 MW, the result of a winning strategy made possible by multidisciplinary and intense work involving all company departments,” he said.
He said the firm is now focused on delivering the awarded assets. “These seven wind and photovoltaic plants demonstrate our ability to project GreenGo among the most dynamic companies in an increasingly competitive and selective market,” he said. “The challenge now is to build these plants as quickly as possible. The investment ticket for the transitional FER X is €92 million, although we will finance the projects together with other initiatives we are working on and will announce shortly.”
GreenGo said the awards align with its broader development strategy, which includes a pipeline exceeding 1.35 gigawatts of photovoltaic, wind and battery energy storage projects.
