MILAN, Dec 16 (Reuters) - JP Morgan-backed renewable
energy company Sonnedix has secured contracts for 805 megawatts
of solar capacity in Italy under three government-sponsored
schemes, it said on Tuesday.
Considered easier to develop than wind projects due to the
Mediterranean country's geographical characteristics, solar
power is playing a central role in the energy transition in
Italy, which has emerged as one of Europe's leading producers of
the clean energy.
Sonnedix, which already has over 900 MW of capacity in
Italy, said the new contracts will expand its existing pipeline
of renewable projects and support its goal of supplying clean
electricity to industrial customers.
It won the bulk of the capacity - 670 MW across nine solar
sites - in the auction completed by Italy's energy services
agency in early December under an incentive scheme known as FER
X.
It also secured 125 MW under the so-called "Energy Release
Mechanism", which aims to give incentives for
high-energy-consuming companies to switch to renewable sources.
It won an additional 10 MW through a tender reserved for solar
projects built without equipment manufactured in China.
Italy awarded 7.7 gigawatts of solar capacity in total
through the FER X auction and an additional 1.1 GW in its first
tender for projects built without Chinese components.
Sonnedix currently operates renewable projects worth 12 GW
globally, with nearly 1 GW under construction and a development
pipeline exceeding 6.7 GW.