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Italy

MET Italia signs Corporate PPA to sell energy from Sicilian solar farm

Energia Italia, the Italian subsidiary of Swiss-based integrated energy company MET Group, has signed a Corporate Power Purchase Agreement (CPPA) with Italian Internet Exchange Point (IXP) MIX-IT, selling the entire energy production of Mirto Solarpark.  
MET Italia signs Corporate PPA to sell energy from Sicilian solar farm
Courtesy of NREL.

MIX-IT will implement a more efficient energy supply process with this PPA, under which MET Energia Italia is responsible for supplying the electricity generated by Mirto Solarpark into the Italian power grid, ensuring that the IXP always receives electricity in the amount actually generated and supplied by the solar farm.

At the same time, MET will supply MIX-IT with any additional quantities of electricity required by the company and will sell Guarantees of Origin (GoO) to MIX-IT. Thus, MET will enable the customer to reach a 100 percent renewable supply as a combination of the Corporate PPA related to the Mirto Solarpark and access to the Italian power spot market with guaranteed renewable energy supply.

The operation was coordinated by Spinergy, a long-standing consultancy firm in the field of energy cost optimisation for industrial clients, in collaboration with Energethique, a consulting firm specialising in PPA management, jointly with MET Energia Italia SME Sales and Power Portfolio Management teams led by Andrea Rebora and Andrea Crosetti.

“Supporting MIX-IT and Mirto Solarpark in structuring and executing a long-term Corporate Power Purchase Agreement has been an amazing start of MET Energia Italia’s involvement in the PPA landscape” said Giuseppe Rebuzzini, CEO of MET Energia Italia. “The capability to combine renewable generation with consumption will be key in the future to optimise the returns for investors and guarantee long-term price stability to large customers. Also leveraging on MET Group’s renewable portfolio under development in Italy, MET Energia Italia is determined to play a key role in this area.”

For additional information:

MET Energia Italia

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