Italy Switches on Five New Subsidy-Free Solar Power Plants

Posted on: Sun, 2017-06-04 - 11:46 By: danie

Octopus Investments Ltd. started generating power from five subsidy-free solar plants in Italy in the latest sign that clean-energy can be profitable without government support. Which is important because most fossil fuel powered generating plants are government owned or subsidized.

The plants have a two-year fixed power price agreement in place with Italian power trader Green Trade SA, said Matt Setchell, head of renewable energy investments at Octopus, in a phone call. The plants are located in the Montalto di Castro region of Italy and have a combined capacity of 63 megawatts. Panels were supplied by Canadian Solar Inc.

See https://www.bloomberg.com/news/articles/2017-06-01/italy-switches-on-five-new-subsidy-free-solar-power-plants
Italy Switches on Five New Subsidy-Free Solar Power Plants

Octopus Investments Ltd. started generating power from five subsidy-free solar plants in Italy in the latest sign that clean-energy can be profitable without government support.

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