Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) acquires the Pozzolo solar park project in Piemont (Northern Italy) with a generation capacity of around 30 megawatts (MW). The solar park generates an average of around 42 gigawatt hours (GWh) of electricity per year and will be connected to the grid in the second quarter of 2025. The revenue of the project will be secured by a long-term power purchase agreement (PPA) with a pay-as-produced structure for 10 years on the basis of 75% of the solar park’s generation capacity.
The solar modules of the park are mounted on uniaxial trackers and thus follow the daily course of the sun. Stern Energy will act as O&M service provider for this solar park from commissioning.
“This recent acquisition of the Pozzolo solar park and further acquisitions will contribute to achieve the announced targets”, said Mario Schirru, CIO/COO of Encavis AG, welcoming the acquisition in Northern Italy.
