renewable energies in the European market
The Spanish multinational energy company has launched the facility Phoenix, a complex of 243 MW of installed capacity that will generate approximately 400.000 MWh per yearThis strategic project will not only allow us to supply the equivalent consumption of more than 140.000 homesbut will also safeguard the competitiveness of the Italian industrial fabric by long-term supply contracts (PPAs).
The Spanish company Iberdrola has taken a giant step in its internationalization and energy transition strategy with the start of commercial operation of PhoenixIts largest solar power generation infrastructure in Italy. Located in the region of SiciliaSpecifically, between the municipalities of Centuripe, Paternò and Belpasso (belonging to the provinces of Enna and Catania), this new plant significantly strengthens the capacity for generating clean and indigenous energy in the transalpine country.
The development of this megaproject has provided a significant economic and employment boost to the region. During peak activity in the construction phase, the complex employed up to 500 over professionalsOn a technical level, the facility is equipped with state-of-the-art technology, housing more than 413.000 bifacial photovoltaic modulesFor optimal integration into the grid, the park is connected to the national electricity system via 26 kilometers of medium voltage lines y 9 kilometers of high voltage.
From the perspective of business and the financing of large international infrastructure projects, Phoenix It stands as a fundamental piece for the electrification of Italy's productive sector. The profitability and commercial viability of most of the energy produced at the plant is already assured through long-term power purchase agreements (PPA(Force Energy Transactions) signed with top-tier corporations in Italy. These bilateral agreements are key in today's market, as they allow consumer companies to stabilize their energy costs in the face of volatility, guarantee their security of supply, and consequently, to strengthen its international competitiveness.
The official opening ceremony was attended by a distinguished group of business and institutional representatives. The energy company led the event. Hugh elliott, executive chairman of Iberdrola Energía Internacional, and Valerio Faccenda, country manager of Iberdrola in Italy. The diplomatic and governmental support was led by the Spanish ambassador to Italy, Miguel Ángel Fernández-Palacios Martínez, who was accompanied by various Sicilian regional and municipal authorities.
The launch of Phoenix This marks a significant milestone in the growth trajectory of the subsidiary of Iberdrola in Italyconsolidating a business model geared towards a safer, more self-sufficient and highly efficient energy ecosystem, designed to boost local job creation and corporate sustainability.
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