| Project Detail |
The project concerns a portfolio of 3 solar photovoltaic (PV) plants with a total installed capacity of 173MWp, located in the Lazio region. The plants will be constructed and operated by an Austrian-German Independent Power Producer, CCE Holding GmbH.
Objectives
The operation will contribute to the EU-wide target of 32% of energy from renewable sources in gross final energy consumption (RES) for 2030 as set out in the new EU RE Directive (Directive (EU) 2018/2001). The project will also contribute to achieving REPowerEU objectives which aim at increasing the RES 2030 target from 32% to 45%. According to the countrys National Integrated Plan for Climate and Energy 2030, Italy is targeting 55.4% renewable share in the electricity sector. The countrys solar PV target of 50 GW is expected to be reached by the end of 2030. Revenues from electricity sale will come from corporate PPAs and from sale on the spot market. The project therefore contributes to the policy objective of supporting renewable energy market integration. The financing of this project also contributes to EIBs lending priority objectives on Energy and on Climate Action.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 98 million
Total cost (Approximate amount)
EUR 130 million |
