Mytilineos announced Monday that it had won a 52.8 megawatt solar project in an Italian RES auction.
In a statement, Mytilineos said it has strengthened the position of its Renewables & Storage Development (RSD) division in the Italian energy market by signing a 20-year contract for difference (CFD) with the Italian state agency GSE for the price of 65.17 Euros per megawatt hour.
This contract concerns a 52.8 MW solar project called Porto Torres in northwestern Sardinia, a region identified by Mytilineos as a strategic hub for the Italian market. The project was fully developed by the RSD Business Unit and is ready for construction. In addition, it is the second largest solar project taking part in the 6th Italian auction (Decreto FER) for renewable energy projects (RES).
The RSD division is strategically positioned in the Italian market with a 1.7 gigawatt solar power storage system and a green hydrogen pipeline. The projects are in different stages of development and are located in 15 regions.
Mytilineos will be established as one of the companies known for participating in future national RES auctions.
Nikos Papapetrou, General Manager of the RSD Business Unit, said: “The Porto Torres project is a great success for the RSD team in Italy, who developed the project from the ground up. This represents the ability of Mytilineos to be downstream in the development process and in the value chain. Together with the award of the 20% Terna ‘Fast Reserve’ auction in southern Italy and Sardinia, this is another milestone in the company’s positioning as a leading player in the Italian energy market. “