CDP finances two plants in the province of Foggia for over 60 MW of power
By 2050, more than a third of the world's energy will come from wind. Wind power is increasingly competitive from an economic perspective, and is a key technology for achieving emissions reduction targets.
Italy ranks fifth in Europe, with considerable potential for growth. Indeed, the Italian Piano Nazionale Integrato per l'Energia e il Clima (NIPEC, or National Integrated Energy and Climate Plan) envisages a doubling of installed power capacity by 2030.
In line with the Strategic Plan which calls for heavy investment in new green plants, CDP has financed the construction of two wind farms in the province of Foggia, with a capacity of more than 60 MW; these plants entered into operation last May. The plants in the municipalities of Orta Nova and Cerignola will be able to produce around 175 GWh per year when fully operational.
This project was implemented by Alerion Clean Power, Italy's leading renewable energy company, which boasts a total of 822 MW gross installed capacity and 32 wind, solar and biomass plants.
Together with Unicredit, CDP provided a loan of over 65 million euros, through the 17-year Project Financing instrument.