Mytilineos – Secured 52.8MW photovoltaic in Italian RES auction

The position of the Renewable Energy & Storage Development (RSD) Sector in the Italian energy market is strengthened by Mytilineos, securing a 20-year financial contract on differences (CFD) with the Italian state company GSE, at a price of € 65.17 / MWh.

Specifically, this contract refers to a 52.8 MW photovoltaic system called Porto Torres, which is located in Northwest Sardinia, an area that Mytilineos ranks as a hub for the Italian market. Porto Torres is fully developed by the RSD Division and is Ready to Build. In addition, it is the second largest photovoltaic project that participated in the 6th Italian auction (Decreto FER) for Renewable Energy (RES) projects.

The RSD sector is strategically investing in the Italian energy market, with a portfolio of solar projects, energy storage projects and “green” hydrogen reaching 1.7 GW at different stages of development, in 15 regions of the country and has now established itself as one of the companies that can participate in the future with claims in the national tenders for RES projects.

Nikos Papapetrou, General Manager of the RSD sector, said: “The development for Porto Torres is a great achievement of the RSD sector team in Italy, which developed the project from the beginning. This represents Mytilineos’ ability to gain value from the early stages of the project development process. “Combined with the allocation of 20% capacity for the provision of Fast Reserve network services in Terna (of the Transmission System Operator of Italy) in southern Italy and Sardinia, Mytilineos conquers another milestone and consolidates its position in the Italian energy market.”

Mytilineos supports the strategic goals of de-carbonization of Greece and Italy, with current and future investments, especially today, when energy prices are at historically high levels in the European Union.