Commissioning will follow the technical timetable set by e-Distribuzione for the parallel connection of the generation plants.
The first plant, Pianaccio, situated in the municipality of Mondavio (PU) in the Marche region, has reached its Commercial Operation Date (COD) and is now operational. With an installed capacity of approximately 5.3 MWp, Pianaccio is GreenGo’s first operational photovoltaic asset.
The connection programme envisages the commissioning of a further two plants in July and the remaining two by the summer.
This milestone marks the transition from a development platform to an industrial operator with operational assets, signifying GreenGo’s evolution towards an Independent Power Producer (IPP) model.
Pianaccio forms part of GreenGo’s first project financing transaction, supported by Intesa Sanpaolo, which has provided a total of over 32 million euros for the development of a portfolio of photovoltaic plants spread across the Marche, Sicily and Calabria.
The energy produced by the plant forms part of the supply agreement signed with Sasol Italy – GreenGo’s first corporate Power Purchase Agreement (PPA) – which provides for the supply of renewable energy from several of the company’s photovoltaic plants.
The completion of the plants and the commissioning of Pianaccio confirm GreenGo’s ability to manage the entire value chain, from origination, permitting and engineering through to construction, financing and operational management, transforming its pipeline into production capacity, renewable energy and long-term industrial value.
“The connection to the Pianaccio grid and the completion of the first plants mark a historic moment for us” said Fabio Amico, CTO and member of the Board of Directors at GreenGo. “All GreenGo teams have worked hard and tirelessly to achieve these initial milestones, which represent a genuine shift in the company’s mindset and organisation as a player in the Italian and European energy space. We are making a strong push to strengthen site and procurement organisation and activities: the aim is to reduce construction lead times and speed up the readiness of future plants for construction, which will see a significant increase in complexity – both in terms of management, in quantitative terms, and technologically – with the start of construction of our first wind farm.”
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