European Energy has taken the final investment decision for a 225 MW agri-photovoltaic project near Vizzini in Sicily, marking a significant advancement in Italy's renewable energy sector. The decision follows the company's successful award in the recent FERX Contract for Difference auction, which provides long-term revenue visibility for the development.

The project, which was authorized in 2023, is designed to become Italy's largest solar park once operational. The installation combines utility-scale solar power generation with continued agricultural activity, utilizing elevated PV structures that enable dual land use and maintain long-term productivity on the site.

Project Design and Agricultural Integration

The Vizzini agri-PV project incorporates elevated photovoltaic structures specifically designed to support ongoing farming operations beneath the solar panels. This integrated approach allows for continued agricultural use of the land while generating renewable energy, demonstrating how large-scale solar developments can coexist with traditional farming activities.

The development aligns with Italy's long-term energy strategy and broader European Union decarbonization objectives. Once operational, the installation is expected to exceed the scale of previous grid-connected solar installations in Italy and contribute materially to the country's renewable generation capacity.

Company Track Record in Italian Market

European Energy has previously developed several notable projects in Italy, including the Troia solar park, which was connected to the grid in 2022. At the time of its completion, the Troia installation constituted Italy's largest solar installation, establishing European Energy's credentials in the Italian renewable energy market.

The Vizzini project builds on the company's established development track record in Italy and strengthens European Energy's long-term project pipeline in the market. The development reflects the company's continued commitment to the Italian renewable energy sector.

Timeline and Market Context

The agri-PV project is planned to be operational by the end of 2027. The development represents one of Italy's largest renewable energy projects and demonstrates European Energy's ability to advance complex renewable energy developments in Italy's evolving power market.

Alessandro Migliorini, Director and Country Manager of Italy at European Energy, stated that “The Vizzini project illustrates European Energy's ability to advance complex renewable energy developments in Italy's evolving power market. Its integrated design demonstrates how agricultural use can be maintained within large-scale solar developments.”

Thorvald Spanggaard, Executive Vice President and Head of Project Development at European Energy, emphasized the project's broader significance, noting that “This project reflects European Energy's continued commitment to the Italian market and builds on the company's development philosophy of combining green energy production with local economic development while maintaining agricultural activity in the area. The recent FERX auction result provides long-term revenue stability, enabling this investment decision”.

The Contract for Difference secured through the FERX auction provides the long-term revenue stability that enabled European Energy to make the final investment decision on the project. This financial structure offers predictable revenue streams that support the viability of large-scale renewable energy developments.

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