Dutch-Norwegian floating photo voltaic developer SolarDuck, Italian unbiased asset supervisor Inexperienced Arrow Capital and New Developments s.r.l., an Italian developer, have agreed to collaborate on the event of an offshore hybrid wind-solar farm within the Gulf of Taranto offshore Italy.
The three corporations have agreed to collaborate on the event of the landmark 120 MWp offshore floating photo voltaic photovoltaic (OFPV) farm built-in with 420 MW floating offshore wind (FOW) to be situated off the coast of Corigliano-Rossano in Calabria.
The Corigliano offshore hybrid wind-solar farm, deliberate to function 28 floating wind generators, can have a mixed capability of 540 MW. The OFPV farm alone will generate greater than 160 GWh of photo voltaic vitality per yr.
SolarDuck has been chosen because the unique know-how accomplice for the venture and the settlement is claimed to mark the corporate’s entry into the Italian market.
“With the present momentum, we imagine this can be a distinctive alternative for the offshore renewable vitality business to assist form a positive regulatory framework and facilitate the scaling of OFPV. This isn’t simply vital for Italy, but additionally for different international locations within the Mediterranean. Our collaboration with New Developments and Inexperienced Arrow Capital may function a catalyst for OFPV in Italy,” mentioned SolarDuck CEO Koen Burgers.
The venture is a part of Inexperienced Arrow Capital’s Infrastructure of the Future Fund (GAIF), which invests in renewable vitality and digital infrastructure in high-potential markets in Europe.
“As pioneers of renewables in Italy, we frequently try to prepared the ground, exemplified by our revolutionary offshore initiatives. These cutting-edge infrastructures not solely generate inexperienced vitality contributing to sustainable vitality transition and independence but additionally exhibit their complementarity to onshore installations, preserving valuable land assets,” mentioned Founder and CIO of Inexperienced Arrow Capital Group Daniele Camponeschi.
“The venture is at present below allowing with an estimated COD in 2028. We’re constructive that this can be a venture that may materialise and have influence on the regional financial system in Italy,” CEO Giovanni Guzzo, mentioned.
In keeping with SolarDuck, Italy has been actively laying the inspiration for offshore renewables with measures introduced in direction of simplification of necessities for offshore wind initiatives. The Decree FER2 is quickly anticipated to introduce mechanisms to advertise renewable vitality initiatives together with OFPV, which is able to allow the nation to faucet into its maritime potential and play a key position within the EU’s aggressive ambitions for decarbonisation.
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