Edison partners with Blunova for floating offshore wind project in Italy
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/06/CS-Pozzallo-Page.jpg)
Edison, an Italian electricity and natural gas producer and distributor, announced an agreement with Blunova SpA (Carlos Maresca Group) to jointly develop a floating offshore wind power project in Italy.
Edison has acquired a 50% stake in Wind Energy Pozzallo SRL, the project’s owner, to develop a floating offshore wind plant with an installed capacity of 975 MW off the coast of Pozzallo in Sicily.
Since Wind Energy Pozzallo does not have direct employees, it will depend on Edison and Blunova’s professional expertise for the authorization phase and project engineering tasks, among other responsibilities.
The project, which is planned 25 km (about 15.53 mi) from the shore, is currently in the authorization phase with the Italian Ministry of the Environment.
The plant will play a crucial role in achieving national goals for increasing newly installed renewable capacity and decarbonizing electricity production.
Marco Stangalino, Vice President and Power Asset Director at Edison, said, “We are pleased to announce this partnership with Blunova to develop an ambitious and particularly innovative project, such as a floating offshore wind plant. The agreement will allow Edison to accelerate its growth plan in renewable energy, aiming to reach a green capacity for the Group of 5 GW from the current 2 GW by 2030.”
It is estimated to prevent over 780,000 tons of CO2 emissions annually.
Read more: European Commission approves Italian State aid scheme to support renewable energy production
Additionally, the plant’s construction, expected to take three years, will boost the local economy, with ongoing positive effects during its operation and maintenance for at least thirty years.
Stangalino added, “In line with the Italian Integrated National Energy and Climate Plan, we also contribute to developing innovation in the service of the energy transition and decarbonization targets.”
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-at-4.33.30 PM-150x150.png)
CalPERS allocates nearly $10 billion to climate action...
-
The California Public Employees’ Retir...
- 05/07/2024
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/07/Asset-Management-150x150.png)
Eco-gamers launch online video game to target asset...
-
A team of eco-gamers known as Serious Pe...
- 01/07/2024
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/06/Depositphotos_73537517_S-150x150.jpg)
EU regulators push for revisions in landmark ESG...
-
Regulators overseeing the markets, banki...
- 19/06/2024
Related News
ERM, a sustainability consultancy company, announced that it has commenced offshore trials to test the key elements of its Dolphyn Hydrogen process. The trials mark […]
European Energy announced that it had acquired grid connection approvals for nearly 500 megawatts (MW) of solar and wind energy projects across Romania. The approvals […]
In its second-quarter update, Shell announced that it would incur an impairment charge of up to $2 billion following the sale of its Singapore refinery […]
The California Public Employees’ Retirement System (CalPERS) announced a commitment of almost $10 billion to advancing global efforts to transition to a low-carbon economy. This […]
The European Commission announced that it has approved a €10.82 billion French scheme to support offshore wind energy deployment. It aims to help foster a transition […]
ENGIE announced that it signed a 7-year Biotmethane Purchase Agreement (BPA) with BASF. According to the agreement, ENGIE will supply the chemicals company with 2.7 […]