Impact Investing
Clean Energy for 30,000 Families in Marsala, Sicily
Multinationals and clean energy giants are investing millions in Sicily due to its abundant sunshine, despite water shortages affecting farmers. In Marsala’s Nasco district, a 41-hectare agrivoltaic plant named “Anguillara” generates 90,000 MWh of electricity annually, enough for 30,000 families. The project combines clean energy production with agriculture, with plans for environmental mitigation and urban redevelopment.
If on the one hand there is a lack of water and the drought is putting farmers in serious difficulty , on the other the luck of the Sicilians is to have sunshine almost every day. That is why the island has become an attractive land for multinationals and clean energy giants who have invested – and continue to do so – millions of euros in plants in the Sicilian countryside.
In the Trapani area, in the Nasco district of Marsala, a 41 hectare agrivoltaic plant was created, with a total installed power of 50.92 mW capable of generating 90,000 MWh of electricity per year, capable of satisfying the need for 30 thousand families. It is called “Anguillara” and it was built by the Italian company “Recurrent energy”, controlled by the Canadian company “Canadian solar”, with an investment of over 50 million euros.
If you want to read more about the clean energy produced in Marsala, Sicily, and to be the first to find the most important financial news from around the world, download for free our companion app Born2Invest.
The works at the plant that will produce clean energy began in 2018 and completed a few months ago
This new field is part of the 4 that the “Recurrent energy” company has in operation in the Trapani area, for a total of 170 hectares. The peculiarity of the system is that the production of clean energy is combined with agriculture, with panels mounted 2 meters high. The land was purchased by the company and was uncultivated at the time of sale.
“The project involves the implementation of extensive environmental mitigation works, both in internal and perimeter plant areas,” explained Filippo Ricci, country manager Italy of “Canadian solar”. All around the expanse of photovoltaic panels olive trees, medicinal plants and fruit trees will be planted. “70% of the hectares will be dedicated to cultivation,” assured Ricci. On April 9th, the mayor of Marsala Massimo Grillo and the regional deputy Stefano Pellegrino were also present at the ribbon cutting.
“Recurrent Energy” has ensured that, in agreement with the Municipality, it will contribute to the creation of environmental and territorial compensation works worth over 2.5 million. The first intervention will be the urban and environmental redevelopment of the waterfront on the Mediterranean seafront in the city.
__
(Featured image by PublicDomainPictures via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in CastelvetranoSelinunte. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
-
Fintech1 week ago
LAKPA Strengthens Its Offering in Mexico with Model Portfolios from JP Morgan AM
-
Fintech2 weeks ago
Global66 Reports Payments to Freelancers of Over $8 Million on Its Platform
-
Crowdfunding3 days ago
The City of Chocolate Takes Shape in Perugia, a Boost for Food and Wine and Tourism
-
Crowdfunding1 week ago
Heaven Launches Its First Equity Crowdfunding Campaign on CrowdFundMe