Opdenergy inks a deal for financing of 24 MW project in Italy

Opdenergy has inked a deal for the financing of 24 MW project “La Francesca” in Italy.

Opdenergy is an independent renewable energy producer. The project, which is under construction, will be based in Benevento.

It has been informed that the project will sell 100% of its energy on a merchant basis once it begins its operation. It further stated that this latest project will generate more than 38 GWh of green energy annually which is sufficient to the annual consumption of 11,000 households.

According to the company, Opdenergy will continue to boost its presence in the Italian market with this new transaction.

The company has been operating generation plants in Italy since 2010. So far, it has more than 1 GW of additional projects under development.

Luis Cid, CEO of Opdenergy, was quoted “With the financing of this project, we continue to consolidate our presence in the strategic Italian market where we will grow significantly in the coming years thanks to the many projects that we have in advanced stage of development.”