Italy: Fastweb inks PPA with Statkraft

Norwegian energy company Statkraft and telco Fastweb have inked a 12-year PPA for the output of a photovoltaic plant which is to be constructed in the region of Lazio, Province of Latina, and will be operational in 2023. The 11.25MW solar plant will produce 19GWh of renewable electricity every year exclusively for Swisscom-owned Fastweb. According to the two parties, this deal will provide energy for 13% of Fastweb's demand.

“The supply of renewable energy is one of the crucial elements to achieve the ambitious goals we set ourselves to become Carbon Neutral by 2025 and the agreement with Statkraft helps to make our green strategy even more solid and helps us to be independent from an energy point of view,” said Ernesto Bonalumi, technology officer of Fastweb.

Further to this, Bonalumi, said that despite current instability and the energy crisis, Fastweb remains "firm" in its commitment to the environment because the company believes it is the "right direction to take to guarantee a more sustainable future for all.” 

Gennaro Mathieu D'Annucci, Head of Origination Italy and France, added: "With this PPA, we are pleased to support Fastweb in achieving its sustainability goals, reducing their carbon footprint as part of the virtuous path aimed at fighting climate change.”