NextEnergy Capital Ltd. plans to build 300 megawatt peak of solar grid-parity projects in Italy in the next three years. The company is already involved in extensive project development in the U.K.
The company set up an internal development team, which has already secured land rights and requested grid connection solutions for the construction of photovoltaic plants with capacity in excess of 80 MWp.
NextEnergy Capital said additional projects will be added in the next months, and it intends to structure long-term power purchase agreements with final corporate off-takers.
"We are very excited to engage once again in developing solar projects in Italy, as we did at the beginning of our journey more than ten years ago. This time though, we have to do things without relying on public subsidies and taking into account the foreseeable evolution of the energy market," said Gianluca Boccanera, managing director for Italy.