PRESS RELEASE 18 October 2023
Zurich-Milan, 18 October 2023. Galileo, the pan-European renewable energy development platform, today announced that it has signed its first corporate power purchase agreement (PPA) with a global corporation listed on the NYSE (New York Stock Exchange).
The purpose of the PPA is to sell electricity generated by three of Galileo’s solar PV projects in Italy, aiming to decarbonise the client company’s production processes. The agreement is for 10 years. The projects are located in Campania region, will have a combined capacity of 23 MW and an estimated annual production of over 40 GWh.
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