Apple and Engie Sign 88MW Renewable Energy Agreement in Italy
Engie, a utility giant, has signed a 15-year power purchase agreement (PPA) with Apple in Italy, involving the construction of wind farms and agrivoltaics (agriPV) plants.
The agreement includes the development of several wind farms and two agriPV plants with a combined capacity of 173MW, of which 88MW will be from agriPV projects.
- The projects have been authorized and will be located in southern Italy.
- The portfolio is expected to be operational between 2026 and 2027.
- Apple will offtake 80% of the energy generated, while 20% will be injected into the grid.
The fact that the two solar PV projects will be agriPV is significant, given the complexities of developing such projects in Italy.
Author's summary: Apple and Engie partner on renewable energy in Italy.