A2A Acquires 1 GW Solar PV Projects Pipeline from Talesun

A2A Renewables has signed an agreement for the acquisition of a development pipeline of solar projects for an overall capacity of around 1 GW from Talesun

Italian Utility A2A has announced that keeping on trend with its intention to to grow in the renewables sector and in its role as an active operator in the energy transition it has through its subsidiary, A2A Renewables, signed an agreement for the acquisition of a development pipeline of solar PV projects for an overall capacity of around 1,000 MW (1 GW) from the Talesun Group.

The agreement envisages the construction of plants without incentives and allows A2A to proceed faster with its plan for decarbonisation and renewal of its generation capacity. The transaction – which follows the previous acquisitions of solar PV plants in Trentino Alto Adige, Piedmont, Lombardy, Emilia-Romagna, Tuscany, Lazio, Abruzzo, Marche, Apulia, Campania, Calabria, Sicily and Sardinia for an installed capacity of around 100 MW – will enable the Group to position itself among the leading operators of the sector in Italy.

A further step forward in the development of photovoltaic power will also be achieved in the early months of 2020 when A2A will begin construction in the province of Foggia of the Group’s first large scale “market parity” plant and one of the first in Italy.

Valerio Camerano, chief executive officer of A2A said that the construction of the first plant without incentives and a very significant portfolio of future opportunities in solar power confirms the strategic direction of changing the product mix to include renewable solutions and enhancing certain key skills of our Group, such as the management of the product portfolio and the client base.

With the overall power of around 10 MW, the plant will also be directed towards experimenting with new technologies and “utility-scale” storage systems to support the grid.

In March, Eni S.p.A. the Italian oil and gas major had announced that it has commenced work on the construction of two new solar photovoltaic projects in Pakistan and Tunisia. The Pakistan plant will be built in close proximity to the Bhit gas field at which Eni is the operator with a 40 percent stake, through its subsidiary Eni New Energy Pakistan. The Tunisia plant will be built at the ADAM oil concession, at which Eni is the operator with a 25 percent stake, through its subsidiary Eni Tunisia BV. The projects will support upstream operations by providing green energy with an off-grid setup.

PC: Iberdrola