Quoted in a press release issued by Sino-Canadian solar manufacturer and project developer Canadian Solar, Demarchi said: “Agreements such as long-term PPAs [power purchase agreements] finally allow the market and all the actors involved to definitively exit the incentive logic … The hope is that this trend, which is already well established in Europe, will soon achieve stability in Italy as well.”
Canadian said it had secured Axpo's signature on a ten-year power purchase agreement related to two solar plants planned in Sicily which will have a combined generation capacity of 12 MWp. Construction of the facilities, near Ragusa and Enna, will start this year, said the Ontario-headquartered developer.
The PPA was signed as part of a wider framework deal between the two parties, announced in November, for up to 300 MWp of Italian solar.
Announcing the Sicilian power offtake agreement, Canadian Solar chairman and CEO Shawn Qu said his company has a solar pipeline “in excess of 1.3 GWp” in Italy.
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