MILAN, July 24, 2024 /PRNewswire/ -- The A2A Group, one
of Italy's largest players in the
energy transition, and Enfinity Global Inc, a leader in renewable
energy, announced the signing of new 10-year Power Purchase
Agreements (PPAs) in Italy for 134
MW of solar energy.
The electricity provided – equivalent to the annual consumption
of about 86,000 Italian homes and avoiding over 104,000 tons of CO2
emissions per year – will be produced from six of Enfinity's solar
power plants in the Lazio and
Emilia Romagna regions.
"Thanks to this new partnership with Enfinity Global, we
continue to contribute to the sustainable development of the
territories by expanding the green energy supply available to our
customers," said Lorenzo
Spadoni, Head of Generation and Trading at A2A. "This is
further evidence of the Group's concrete commitment to promoting
the country's decarbonization process in line with our
strategy."
"We are honored to expand our relationship with A2A. This
agreement is a meaningful milestone for the market and marks a path
to provide stable, clean, and affordable energy to Italy while contributing to its 2030 energy
transition plan, and serving its emerging needs," commented
Carlos Domenech, CEO of Enfinity
Global.
The first PPAs signed in October
2023 involved the purchase by A2A Group of energy produced
from three of Enfinity's solar power plants in Lazio, totaling 97 MW. This new agreement
demonstrates the growing relationship between the two companies and
their shared commitment to accelerate the energy transition.
About Enfinity Global
Enfinity Global Inc., together with its subsidiaries, is a
US-based leading renewable energy and sustainability services
company established in 2019. The company owns a portfolio of 25.1
GW of renewable energy and storage projects, including operational
assets, under construction, and in different stages of development.
With offices across US, Europe,
Japan, and India, the company aims to be an energy
transition leader and make a significant contribution to a
sustainable net zero carbon economy. Enfinity's leadership team is
one of the most experienced global teams in renewables and brings
over $37 billion of financing
experience in the renewable energy sector with over 15 GW of
developed and acquired solar and wind assets.
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