Hera Receives 10 Million Euros from the PNRR for Agrivoltaics

Hera has been awarded 9.4 million euros to finance two cutting-edge projects for the development of advanced agrivoltaic systems. The financing is part of the measure of the National Recovery and Resilience Plan ( PNRR ), of investment 1.1 Agrivoltaic Development , within Mission 2 Green Revolution and Ecological Transition, and of component 2, Renewable energy, hydrogen, network and sustainable mobility.

The plants have a total peak power of over 19 MW, equivalent to the consumption of approximately 11,000 Italian families and the saving of 7,700 tons of CO2 per year, equal to the carbon dioxide absorbed in a year by a forest of approximately 830 hectares, corresponding to approximately 1,200 football fields, providing an important contribution to the energy transition and decarbonisation in Emilia-Romagna.

Hera has been awarded 9.4 million euros to finance two cutting-edge projects

In particular, 6.6 million euros were assigned to the Hera Group project for the development of an Energy Park in Faenza, while 2.8 million to the Cesena project of Horowatt , a newco between the multiutility and the agricultural cooperative Orogel. In particular, the Faenza project obtained the largest contribution among the projects admitted in the Center-North and was tenth in the Italian ranking.

The actors involved in the project are the Municipality of Faenza, the Hera group with Studio LBLA, the Union of Romagna Faentina and the Agricultural Company Le Cicogne, owned by Crédit Agricole and the Banca del Monte Foundation and Cassa di Risparmio di Faenza.

The awarding of these PNRR contributions strengthens the Hera Group’s investments in the renewable energy sector and the installation of agrivoltaic systems and represents further recognition of the multi-utility’s commitment to the energy transition and decarbonisation in favour of the territories served.

The agrivoltaic development projects are part of the strategy outlined in the group’s industrial plan, which includes numerous initiatives and investments to achieve carbon neutrality, reduce emissions and increase green energy production. These initiatives are also part of the Group’s Climate Transition Plan, which aims to achieve Net Zero emissions by 2050.

To promote the construction of these hybrid agriculture-energy systems, the PNRR call for proposals provides for the provision of an incentive consisting of a capital contribution, equal to a maximum of 40% of the expenses incurred for the construction of the plant, and a fixed and predetermined incentive tariff for 20 years applied to the production of net electricity fed into the grid. The predetermined tariff established by the GSE allows the Hera group to eliminate the risks associated with fluctuations in commodity prices during the useful life of the plant.

The start of the works for the construction of the plant is expected in 2025 , with completion at the beginning of 2026.

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(Featured image by Zbynek Burival via Unsplash)

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