Italy's Edison Signs PPA Deal to Build 150 MW Solar Plant

General view of EDF's Italian subsidiary Edison thermoelectric power plant in Marghera, Italy, January 25, 2023. Edison/Handout via REUTERS/File photo Acquire Licensing Rights

The plant is expected to be operational in the Lazio region in the second half of 2024. Under a 10-year Power Purchase Agreement (PPA), Edison will collect all the renewable energy produced.

The value of the deal between Edison and KGAL's fund KGAL ESPF 4 was not disclosed.

"The plant will produce around 240 GWh per year, avoiding the emission of more than 100,000 tons of CO₂ equivalents into the atmosphere per year," Edison said in a statement.