Mytilineos announced on Monday that it had won a 52.8 megawatt solar project at an Italian renewable energy auction.
In a statement, Mytilineos said it has strengthened the position of its Renewables & Storage Development (RSD) Business Unit in the Italian energy market by securing a 20-year contract for difference (CFD) with the Italian public agency, GSE, for the price of 65.17 euros per megawatt hour.
This contract concerns a 52.8 MW solar project named Porto Torres in the north-west of Sardinia, a region identified as a strategic hub for the Italian market by Mytilineos. The project has been fully developed by the RSD Business Unit and is ready to be built. In addition, this is the second largest solar project to participate in the 6th Italian auction (Decreto FER) for renewable energy projects (RES).
The RSD Business Unit is strategically positioned in the Italian market with 1.7 gigawatt solar energy storage and a green hydrogen pipeline. The projects are at different stages of development and located in 15 regions.
Mytilineos stands out as one of the companies to be voted for to participate in future national renewable energies auctions.
Nikos Papapetrou, Managing Director of the RSD Business Unit, said: “The Porto Torres project is a great achievement for the RSD team in Italy, who developed the project from scratch. This represents the ability of Mytilineos to go downstream in the development process and the value chain. Together with the award of the auction of 20% of Terna “Fast Reserve” in southern Italy and Sardinia, this represents a further step in the positioning of the company as a leading player in the Italian energy market.