Italian chocolatier Ferrero has signed a ten-year power purchase agreement (PPA) with clean power company Falck Renewables committing it to purchase the electricity generated at two planned agrivoltaic projects in Sicily.
The chocolate company, which said it is aiming to halve its greenhouse gas emissions this decade, will take power generated by solar arrays planned in Ragusa and Trapani which will be combined with “the cultivation of native species and medicinal herbs,” according to a press release issued by Milan-based renewables developer Falck yesterday. The two installations will have a combined generation capacity of 17.5 MW.
Falck CEO Toni Volpe said: “This is the second long term contract we have signed in Italy in 2021, a market that has significant growth potential for new sustainable PPAs.”
Sonnedix, which said it operates 133 solar plants in Italy with a generation capacity of more than 275 MW, said all of the facilities have been operational for at least a decade and were commissioned under the Conto Energia incentive program.
No financial details of the transaction were revealed in a press release issued by Sonnedix today.
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