The plant is expected to be operational in the Lazio region in the second half of 2024. Under a 10-year Power Purchase Agreement (PPA), Edison will collect all the renewable energy produced.
The value of the deal between Edison and KGAL's fund KGAL ESPF 4 was not disclosed.
"The plant will produce around 240 GWh per year, avoiding the emission of more than 100,000 tons of CO₂ equivalents into the atmosphere per year," Edison said in a statement.
