May 10 (Renewables Now) – Cero Generation, an unbiased portfolio firm of Macquarie’s Green Investment Group (GIG), has reached monetary shut for a 70-MW agrivoltaic photo voltaic project in Italy, which is backed by two energy buy agreements (PPAs).
The Pontinia project is anticipated to enter the construction part this month and be accomplished in the primary quarter of 2023. It will probably be carried out in the Province of Latina in the Lazio area.
The photo voltaic plant will make use of single-axis trackers, bifacial modules and string inverters. The developer says that 65% of the project web site will probably be used for agricultural crops, which makes Pontinia one of many first large-scale agrivoltaic photo voltaic crops in the nation. Its two long-term off-take contracts additionally make it one of many first company PPA project financings in Italy.
Cero has greater than 9 GW of photo voltaic tasks beneath improvement in Europe, together with over 1.5 GW in Italy.
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Cero nears construction start on PPA-backed agrivoltaic project in Italy & More Latest News Update
Cero nears construction start on PPA-backed agrivoltaic project in Italy & More Live News
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Cero nears construction start on PPA-backed agrivoltaic project in Italy & More News Today
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