The agreement consolidates a model of collaboration between energy-intensive industry and the renewable energy sector, contributing to the security of the national energy system and the predictability of energy costs. The Energy Release 2.0 mechanism allows energy-intensive companies to access dedicated volumes in return for a commitment to develop new renewable capacity.
Under the Energy Release 2.0 procedure, Alfa Acciai has been allocated approximately 300 GWh per year for the three-year period 2025–2027, corresponding to 30 percent of the Group’s total electricity consumption.
In this context, GreenGo acts as the entity responsible for production and restitution, contributing directly to the development of new renewable energy plants in Italy, in line with the objectives of energy security and industrial competitiveness.
“Energy Release 2.0 is a valuable systemic tool that enables the combination of renewable energy development, energy security and industrial competitiveness” said Giuseppe Mastropieri, CEO of GreenGo. “We are honoured by the agreement reached with Alfa Acciai, a strategic company for the country, which we have come to appreciate for its entrepreneurial dynamism and strong awareness of the dynamics of development and the renewable energy industry. Thanks to this agreement, GreenGo achieve 350 MW of renewable capacity supported by mechanisms provided by the GSE and is positioning itself among the most significant independent producers in the Energy Release scheme thanks to its ability to engage with Italian industry through concrete investments and long-term synergies in industrial relations.”
With over 1 billion euros in turnover from its steelmaking activities, the Siderurgica Investimenti Group is a key player in the European manufacturing sector and a leader in Italy in steel production using electric furnaces.
The agreement enables the development of approximately 70 MW of new renewable capacity, broken down as follows:
35 MW under a feed-in tariff scheme with a CfD at €65/MWh provided by the GSE for twenty years from the commissioning of the new photovoltaic capacity;
A further 35 MW that GreenGo will develop and deploy through private commercial solutions (virtual PPAs, corporate PPAs).
The transaction helps to ensure stability and predictability of energy costs for the steel industry, enables new investments in the renewables sector and results in the avoidance of approximately 75,000 tCO₂eq associated with industrial consumption each year.
Thanks to this transaction, GreenGo further consolidates its IPP platform, bringing its total contracted renewable capacity to approximately 351 MW, of which 323.5 MW relates to public sector initiatives.
“Alfa Acciai regards energy release and PPAs as strategic and complementary tools for ensuring stability in energy costs and greater industrial competitiveness in the medium to long term” added Giovanni Fortini, CFO of Alfa Acciai. “The integration of regulated procurement and direct supply agreements provides efficient hedging against price volatility and supports the Group’s sustainability objectives.
The transaction with GreenGo therefore represents a concrete step for Alfa Acciai towards building a more robust and integrated energy model, capable of supporting industrial development over time.”
Within this portfolio, Energy Release 2.0 accounts for 126 MW under contract and enables a development scope exceeding 252 MW, of which 70 MW are linked to the agreement with Alfa Acciai.
In this context, GreenGo accounts for approximately 5.2 percent of the total annual energy volume allocated by the GSE under the mechanism, corresponding to 1.178 TWh per year attributable to the Group out of a total of 22.5 TWh per year.
For Alfa Acciai, the agreement represents a concrete step towards building a more resilient energy portfolio that is consistent with its sustainability objectives.
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