Home Business Renergetica sells two photovoltaic plant projects in the USA and Italy

Renergetica sells two photovoltaic plant projects in the USA and Italy

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Trio of new operations for Renergetica, a company listed on the AIM Italia market of the Italian Stock Exchange, which operates in the development of projects from renewable sources on the international market. In fact, it has just completed the sale of solar factory projects in Maine and in the province of Alexandria. While it is studying the most suitable technologies for revamping and for the treatment of solar panels at the end of their life.

Project in Maine

The sale took place through the subsidiary Renergetica USA Corp. of the Hughes Rd. Solar Farm LLC project, and envisages the development of 3,125 megawatpower, in Maine (USA), to Novel Energy Solutions LLC The plan is set up within a wider scope, for a total of about 22 MWp, between Renergetica and Novel Energy Solutions LLC which will also develop in Maine and which is part of the Community Solar, the program that the US state itself promoted in 2019 in order to reduce emissions harmful to the environment and allow citizens to obtain a substantial percentage of savings on their electricity bills, bringing energy production closer to the final consumer. “We can only be satisfied with the result of this operation – declared Daniel Ros, CEO of Renergetica USA – which marks a further important step for the group on the American renewable energy market”.

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Project in the province of Alessandria

In addition, Renergetica has also formalized the sale of the vehicle companies Ren 143 srl and Ren 144 srl, holders of authorizations for the construction of two photovoltaic plants, for a total power of over 16 MWp, in the province of Alessandria, to Edison Renewables srl, a subsidiary of 100% by Edison SpA, a national operator in the production and sale of electricity and gas. The two plants to be built are the first within the framework agreement signed in April 2020 for the overall development of 250MWp in five years (i.e. 150 MWp for three years plus the possibility of automatic renewal for a period of further two years for the development of projects for at least an additional 100 MWp). In this case, the two plants being sold are part of the approximately 90 MWp of projects already optioned by Edison. «We are very satisfied with the operation – said Rosa Arnau, CEO of Renergetica SpA – which we concluded in full compliance with the timing established by the option contracts. All the more reason we are today, in a delicate period like the present one, in which the necessary restrictions to contain the spread of the pandemic have inevitably made the finalization of projects more complex ». Marco Stangalino, Edison’s Executive Vice President of Power Asset commented: «For Edison it is a further concrete step in the installation of new photovoltaic capacity to be used for the country and its energy transition. An operation that is part of the strategic plan of the company which aims to reach 4 GW installed of wind and photovoltaic renewables by 2030 from the current 1.1 GW ».

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Revamping and treatment

Finally, the company addresses the issues of recovery and treatment. In fact, Italy will soon have to deal with the revamping of about 100 million solar panels and the management of related waste. In this regard, Renergetica has launched a first phase of study on different technologies for the treatment of end-of-life photovoltaic modules, which will lead it as soon as possible to be able to manage, effectively and in full compliance with Italian and European Union legislation, the reuse and the recovery of photovoltaic panels, ensuring that transparency and correctness indispensable for the protection of people and the environment.

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