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Recently, oil tanker Shell has signed a power purchase agreement (PPA)
with Italy for a portfolio of 70.
5 MW of unsubsidized solar projects.
The five-year agreement with British investor Octopus is for the supply
of electricity for six projects currently under construction in Italy.
It is expected to be completed
in early 2019.
A total of ten projects are underway at Octopus with a total capacity of 173 MW
.
"This is a landmark agreement for Octopus as we continue to extract value
from Italy's subsidy-free solar portfolio through innovative partnerships like this one," said the head of Octopus' energy investment team.
Shell is at the forefront of the global energy transition and we share the importance of clean energy, and we are seeing increasing value and importance for energy consumers in Europe and beyond
.
”
In 2018, Shell signed several solar PPA contracts, including a 15-year 100MW deal realised in California and a 5-year power deal
for the UK's largest solar farm.
The Managing Director of Shell Energy Europe said: "Italy is a strategic electricity market for us and we are always looking for ways to
increase our electricity market in the country.
This transaction is another addition to our growing renewable energy portfolio and we look forward to working with
Octopus, a key player in the market.
" ”
:/, please indicate the source for reprinting)
Recently, oil tanker Shell has signed a power purchase agreement (PPA)
with Italy for a portfolio of 70.
5 MW of unsubsidized solar projects.
The five-year agreement with British investor Octopus is for the supply
of electricity for six projects currently under construction in Italy.
It is expected to be completed
in early 2019.
A total of ten projects are underway at Octopus with a total capacity of 173 MW
.
"This is a landmark agreement for Octopus as we continue to extract value
from Italy's subsidy-free solar portfolio through innovative partnerships like this one," said the head of Octopus' energy investment team.
Shell is at the forefront of the global energy transition and we share the importance of clean energy, and we are seeing increasing value and importance for energy consumers in Europe and beyond
.
”
In 2018, Shell signed several solar PPA contracts, including a 15-year 100MW deal realised in California and a 5-year power deal
for the UK's largest solar farm.
The Managing Director of Shell Energy Europe said: "Italy is a strategic electricity market for us and we are always looking for ways to
increase our electricity market in the country.
This transaction is another addition to our growing renewable energy portfolio and we look forward to working with
Octopus, a key player in the market.
" ”
:/, please indicate the source for reprinting)
/
