MET Energia Italia, the Italian subsidiary of Swiss-based integrated energy company MET Group, signed a CPPA with MIX-IT, the Italian internet exchange point, selling the entire energy production of the Sicilian photovoltaic plant Mirto Solarpark.
Under the agreement, MET Energia Italia is responsible for supplying the electricity generated by Mirto Solarpark into the Italian power grid, ensuring that MIX-IT always receives electricity in the amount actually generated and supplied by the solar park.
At the same time, MET will supply MIX-IT with any additional quantities of electricity required by the company and will sell Guarantees of Origin (GoO) to MIX-IT.
Giuseppe Rebuzzini, chief executive of MET Energia Italia, said: “Supporting MIX-IT and Mirto Solarpark in structuring and executing a long-term Corporate Power Purchase Agreement has been an amazing start of MET Energia Italia’s involvement in the PPA landscape.
“The capability to combine renewable generation with consumption will be key in the future to optimise the returns for investors and guarantee long-term price stability to large customers.
“Also leveraging on MET Group’s renewable portfolio under development in Italy, MET Energia Italia is determined to play a key role in this area.”