Italian renewable EPC services provider Espe SpA has secured orders to install three solar photovoltaic (PV) parks in its home country that will add 59 MWp of power generation capacity.
The deals were placed by three independent power producers (IPPs) and have a total value of about EUR 31 million (USD 33.6m). According to a statement by the EPC firm, the contracts have expanded its backlog to EUR 85 million, with up to 98% of the deals covering the construction of solar PV plants.
One of Espe's latest orders, worth EUR 17.8 million, envisages the construction of five PV plants in Northern Italy. The sites will have a combined capacity of 36 MWp and will be powered up in the first half of 2025.
Meanwhile, one of Italy’s major green power producers and retailers has hired Espe to build two solar parks in the provinces of Macerata and Sassari under a deal estimated at EUR 7.2 million. The plants totalling 11 MWp will be energised by the end of 2024.
The last contract will see Espe install a 12-MWp PV farm in the province of Bari and bring it online this year. The job worth EUR 6.1 million will be performed on behalf of a foreign IPP.
