CHANGZHOU, China, Oct. 18,
2024 /PRNewswire/ -- Trina
Solar's International Systems Business Unit ("Trina Solar
ISBU"), the utility-scale solar and battery storage project
development arm of Trina Solar Co, Ltd, has signed a 15-year Power
Purchase Agreement (PPA) with EGO, an Italian energy management
company owned by the Shell Group. This contract encompasses 9
projects, totaling 69 MWp located across various regions in
Italy. These projects are
currently under construction or nearing commencement in 2024 and
2025, expected to generate approximately 1000 jobs in 9 regions
nationally. Once operational, this portfolio is expected to
generate 119 GWh annually, equivalent to electricity needs of 7,000
average-sized households.
Dr. Linhui Sui, President of
Trina Solar ISBU, commented: "We are very pleased to partner with
EGO and the Shell Group to delivery green energy to their Italian
clients, and to contribute to Italian government 65% target of
electricity generated from renewable sources by
2030."
Mr. Carlo Corallo, CEO at EGO,
commented: EGO is well positioned to capture this opportunity due
to our specialism of managing energy produced from distributed
sources and our well-established network of small asset owners. Our
integration into Shell Energy Europe and its extensive trading
capabilities have enabled EGO to capture an opportunity like this
and deliver greater value over the longer term as solar generation
grows across Italy
On this transaction, Trina Solar ISBU has been advised by Parola
Associati.
*Trina Solar ISBU – "Trina Solar International System Business
Unit ("Trina Solar ISBU"), a subsidiary of Trina Solar Co., Ltd.
(SHANGHAI STOCK EXCHANGE: 688599),
is the utility-scale solar and battery storage project development
arm of Trina Solar. It is active in
more than 15 countries.
*EGO – "EGO Energy" (a member of the Shell Group), is
headquartered in Genoa and is
active in purchasing and aggregating electricity from distributed
power plants, optimising its deployment and trading it on the local
energy market.
Photo -
https://mma.prnewswire.com/media/2534376/Trina_Solar_ISBU___Orani_Italy_4MW_project_included_portfolio.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/trina-solar-and-ego-sign-a-power-purchase-agreement-in-italy-for-a-69mw-portfolio-302280206.html