Greek energy company Mytilineos and construction firm Saint-Gobain have signed a Power Purchase Agreement (PPA) for energy generated from a 4.9MW solar farm in Italy.
The solar power plant will be built on the site of Saint-Gobain’s factory in Vidalengo, near Bergamo.
The agreement will ensure a significant portion of the factory’s electricity consumption is renewable. Furthermore, because the project falls under the Italian regulation for self-consumption, known as SEU, Saint-Gobain will be able to lock in favourable electricity prices and save on grid fees.
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The farm will generate more than 7.5GWh of renewable electricity per year, displacing more than 3,900 tonnes of CO2 emissions annually, and will be operational in mid-2023.
Gaetano Terrasini, Saint-Gobain’s Italian CEO, said that the Group aims to increase the sustainability of its solutions and production processes for which they have set targets in terms of CO2, waste and water reduction. Said Terrasini, “The closing of this agreement for our Vidalengo plant represents one of the actions that will support Italian operation to achieve the Group’s aspiring goal of carbon neutrality by 2050.”
Yiannis Kalafatas, chief executive director of Mytilineos’ Energy Sector stated: “Italy represents a strategic country for the Company and with this agreement we are demonstrating our capabilities to support local industries in this difficult period of energy volatility and our support to the Italian energy independence policy.”
Mytilineos currently has an Italian portfolio of 157MW in construction, 2GW in development, and is planning to add another 1GW during 2023.