Econergy Renewable Energy Ltd, a leading European producer specializing in renewable energy projects, has announced the commercial operation of its inaugural solar projects in Italy. With the successful connection of the Indovina project in Sicily, Econergy now owns and manages six solar parks in the country, boasting a total capacity of approximately 20 MWp. This portfolio includes two larger projects in the Piedmont region and four smaller parks in Sicily.
Milestone Achievement
This development marks a significant milestone for Econergy as it expands its operational footprint in Italy, complementing its existing projects in Romania and the UK. Italy’s renewable energy policy has shown strong support, with renewable energy consumption surpassing fossil fuels for the first time in early 2024. This trend highlights Italy’s commitment to sustainable energy growth, making it an attractive market for future investments.
Expanding Portfolio
Econergy has a robust pipeline of 135 photovoltaic (PV) projects in Italy, with a total capacity of around 2.1 GW. The company has also begun developing energy storage projects in the region. By the end of 2024, Econergy anticipates starting construction on a large-scale PV project with an estimated capacity of 100 MW.
Installed Capacity
With nearly 0.5 GWp installed across Europe, Econergy is solidifying its position as a prominent player in the European renewable energy market. The Italian solar projects, located in Piedmont and Sicily, include:
- Rivarolo – 11.5 MWp (Piedmont)
- Cumiana – 4.2 MWp (Piedmont)
- Palmeri – 1 MWp (Sicily)
- Gallo Assunta – 1 MWp (Sicily)
- Favari – 1 MWp (Sicily)
- Indovina – 1 MWp (Sicily)
Each solar farm is equipped with advanced bifacial solar panels and state-of-the-art solar tracker technology, designed to maximize renewable energy generation in the region.
Commitment to Innovation
Eyal Podhorzer, CEO of Econergy, expressed enthusiasm about the company’s achievements. “We are thrilled to have completed our first projects in Italy and successfully connected them to the grid. This achievement builds on our recent commercial operating dates (CODs) in the UK and Romania, further expanding our operational footprint across Europe. These Italian installations, equipped with the latest renewable technology, underscore Econergy’s commitment to innovation and leading the transition toward sustainable energy in key markets.”
Conclusion
Econergy’s expansion into Italy signifies a pivotal step in the company’s renewable energy strategy, reinforcing its dedication to sustainable energy solutions in Europe. With a strong pipeline and innovative technologies, Econergy is well-positioned to contribute significantly to the energy transition across the continent.
