Italian renewable energy developer Green GoSrl has announced in a press release that its renewable energy development pipeline has surpassed 1GW of capacity. The company has a total of 74 projects aimed at harnessing renewable energy, with a total installed capacity of 1.6GW, across seven different Italian regions, from Sicily to Veneto. A spokesman for the company said it would serve as a benchmark for the development of utility-scale power plants.

The company works closely with private equity fund Eiffel Essentiel. The fund is managed by the French investment group Eiffel, which injected an initial capital of $7.7 million into GreenGo in 2022 to help fund development activities. Compared to the 1,000 MW that are being licensed, 12 projects have passed EIAs totaling 423 MW, 162 of which have been canceled through final exclusive authorizations or PAUR licenses, said Fabio Domenico Amico, director of development and engineering at the company. explain.

More than half of the megawatts from the first milestone came from the agricultural PV sector (57%), he added, adding that we have submitted projects for wind (27%), energy storage (12%) and ground-mounted PV (4%).

Southern Italy is the main region of company activity, with Sicily leading the way, followed by Puglia and Calabria. It is also increasingly involved in the north-central region of Italy, with 12 projects currently in development with a total installed capacity of 127 MW.

Projects that we are proud to reach 1GW are in advanced stages of development. The driving factors that have successfully propelled us on this path are excellent technical systems and an organization with 25 employees and a dozen partners and collaborators, now at a scale that also stands out among leading national platforms, Giuseppe Green Go CEO Mastropieri said. Based on the 474 MW that passed the EIA, the actual installed capacity of the Green Go project is 91%, he added. The agricultural PV sector played a key role in surpassing the 1,000 MW quota, but we expect further significant growth in the PV and wind sectors before long.Editor/XingWentao