GreenGo has secured 101MW of capacity in Italy’s FER X auction, covering four photovoltaic plants and three wind farms.
The GSE award represents around 1% of the total volume auctioned, according to the company.
With the result, GreenGo’s renewable capacity benefiting from national incentive mechanisms rises to 145MW, added the company.
Admission to the FER X ranking forms part of the company’s consolidation as a national independent power producer.
Giuseppe Mastropieri, chief executive of GreenGo, said, “The outcome of this auction marks a powerful acceleration in the affirmation of GreenGo’s industrial project as a multi-tech renewable IPP.”
He added, “We won with all seven candidate projects. It’s a strike with 100% award for a total of 100 MW, the result of a winning strategy made possible by multidisciplinary and intense work involving all company departments.”
Mastropieri stated, “These seven wind and photovoltaic plants demonstrate our ability to project GreenGo among the most dynamic companies in an increasingly competitive and selective market. The challenge now is to build these plants as quickly as possible. The investment ticket for the transitional FER X is €92 million, although we will finance the projects together with other initiatives we are working on and will announce shortly.”
The company said the awards form part of GreenGo’s wider development trajectory, which includes a proprietary pipeline of over 1.35GW of photovoltaic, wind and BESS.