Recurrent Energy, a subsidiary of Canadian Solar Inc. and a major global developer and operator of solar and energy storage projects, has announced a new 10-year Power Purchase Agreement with a prominent Italian fashion group. Under this agreement, the buyer will receive 80% of the electricity generated by Recurrent Energy’s Pozzolo Project, an 8.05 MWp solar plant located in the Piedmont region of Italy.
The Pozzolo solar plant is situated in an industrial area and recently began commercial operations. It is expected to supply around 10,864 MWh of clean electricity every year, along with the associated Guarantees of Origin. This level of energy generation will help avoid more than 2,500 tons of CO₂ annually—equal to the environmental impact of over 115,400 trees—and is sufficient to power more than 4,100 homes. With this project, Recurrent Energy now operates eight solar plants across Italy, and the addition of the Pozzolo site marks its first installation in the northern part of the country. The company’s total operational portfolio in Italy has now reached 132 MW.
The new agreement underscores the important role Recurrent Energy plays in supporting Italy’s national and regional decarbonization strategies. By supplying clean energy through long-term contracts, the company continues to help accelerate emissions reductions and strengthen sustainability efforts across the country.
Ismael Guerrero, CEO of Recurrent Energy, expressed confidence in the partnership, noting that the Pozzolo Project represents one of the company’s first ventures in northern Italy. He explained that the agreement will help advance renewable energy development in the region while providing direct environmental benefits.
He also emphasized that the partnership reflects Recurrent Energy’s broader commitment to expanding its renewable energy footprint both in Italy and worldwide.This latest PPA highlights how long-term energy agreements can support industrial partners in reducing their carbon footprint while helping expand reliable renewable energy infrastructure across Europe.
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