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Home GreenIT and Galileo close 140 MW photovoltaic deal in Italy – reNews – Renewable Energy News

GreenIT and Galileo close 140 MW photovoltaic deal in Italy – reNews – Renewable Energy News

8 January 2024 to 06: 18
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green energy, Italian renewable energy
140MW Italian agreement signed between GreenIT and Galileo – PHOTO: ©2024 Re News.Biz

Agreement for eight solar projects in different regions, with total investments and installed MW capacity, highlighting the development of greenfield plants and repowering of operational plants.

The partnership between Plenitude and CDP Equity JV GreenIT resulted in an agreement with Galileo for the development of eight solar projects in Italy, totaling 140 MW of installed capacity. These projects will be implemented in three different regions of the country, South, Center and North, and are aligned with GreenIT's strategy to expand its presence and renewable energy production capacity in Italy. The total investment planned for these projects is 1,7 billion euros, contributing significantly to the goal of reaching an installed capacity of 1000 MW until 2027.

GreenIT, an Italian renewable energy JV, is focused on the development and construction of greenfield projects, as well as the repowering of operational plants. Furthermore, the company also has plans to develop offshore wind projects, reinforcing its commitment to boosting clean energy generation in Italy. The partnership with Galileo is fundamental to the success of these projects, as the company has internationally recognized expertise in the green energy sector, which will contribute to the development of technologically advanced GreenIT projects. We are excited about the prospect of this agreement with Galileo and believe it will drive the expansion of renewable energy activities in Italy and Europe as a whole.

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Italy: GreenIT JV Partnership Boosts Renewable Energy

Italy is advancing the green energy sector, focusing on strategic partnerships and significant investments. The country announced an agreement with JV GreenIT to develop solar and offshore wind projects, aiming to increase its capacity installed em MW and boost the generation of renewable energy in its regions.

O photovoltaic agreement will involve total investments of millions of euros, allowing the construction of greenfield plants and the repowering of operational plants. This will contribute to the development of the renewable energy sector in Italy, as well as creating employment opportunities and promoting environmental sustainability.

Os offshore wind projects will also play a crucial role in expanding green energy generation capacity. With the participation from JV GreenIT, Italy will be able to position itself as a leader in green energy on the European scene, strengthening its economy and reducing its dependence on non-renewable sources.

The partnership with the GreenIT JV is an important milestone for Italy, demonstrating its commitment to the transition to cleaner and more sustainable energy sources. Through initiatives like this, the country will be able to achieve its emissions reduction targets and boost its renewable energy sector, contributing to a more environmentally responsible future.

Source: © Re News.Biz

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