With a total installed capacity of 20 MW and combined total electricity production of approximately 30 GWh per year, the two solar plants will generate power equivalent to the consumption of more than 10,000 Italian households once they are completed. Both projects, which were developed by Italian clean energy company ReFeel New Energy (RNE), are ready-to-build with commercial operations to commence in 2025.
Portfolio of 277 MW solar projects in Italy
Luke Gillott, CEO of KMR, commented: “The closing of this transaction marks a key milestone in our ambition to build a portfolio of state-of-the-art wind and solar projects across the European Union. We are fully committed to playing an active role in Europe’s energy transition.”
Also see: Axpo starts construction of 20 MW solar park in northern Italy
KMR, with headquarters in Baar (Switzerland), is an established player in the Italian renewable energy market with an existing portfolio of 277 MW of early to mid-stage solar projects across Italy that are expected to achieve commercial operations within the next few years. The joint venture of MET Group and the Infrastructure Division of Keppel acquires, develops, operates, and manages high-performance utility-scale solar PV and onshore wind renewable energy assets across Europe. (hcn)
