BKW and Zelestra sign a PPA to promote renewable energy production in Italy

Dec 18, 2024

  • The ten-year agreement enables the construction of two solar projects, Ginosa and Bellomo, totaling 16 MWdc across Puglia and Sicily respectively
  • Zelestra is advancing a multi-technology pipeline comprised of solar and battery energy storage solutions in all major regions of Italy to decarbonize customers in any local load zone 
  • With a pipeline of 0.5 GW today, Zelestra has the ambition to triple its portfolio in Italy in the next two years 

BKW, a leading energy and infrastructure company based in Switzerland, has signed a ten-year power purchase agreement (PPA) with Zelestra, a global, multi-technology, customer-focused renewable energy company.

Through this agreement, BKW partners with Zelestra to co-build a carbon-free tomorrow for Italy and its customers. This agreement represents Zelestra’s strong aspirations to build a large platform offering solutions to customers in Italy.

The agreement will enable BKW Energie AG to purchase power generated by two solar plants located in Puglia and Sicily. The Bellomo plant, located in Modica, Sicily, will have an installed capacity of 9.5 MWdc and will help avoid approximately 6,500 tons of CO2 per year. The Ginosa plant, located in Ginosa, Puglia, will have an installed capacity of 6.5 MWdc and displace nearly 4,500 tons of CO2 emissions annually.

Eliano Russo, Zelestra’s Country Manager in Italy, highlighted the importance of this agreement for the company, stating, “This partnership with BKW represents a key step in our strategy to consolidate our position as a major player in the Italian renewables market. We are committed to expanding our project portfolio in Italy to 1.5 GW by 2026. This agreement confirms our focus on creating sustainable, tailored solutions that support both Italy’s energy transition and BKW’s decarbonization journey.”

Stefan Sewckow, Head of Energy Markets at BKW, said This 10-year PPA in Italy marks a significant milestone in our company’s journey toward delivering on our strategic vision for sustainable growth. By aligning with Italy’s ambitious renewable energy goals, we are reaffirming our commitment to innovation, environmental responsibility, and creating value for our stakeholders. This partnership exemplifies our dedication to being at the forefront of the clean energy transition in Europe.”

Zelestra currently owns 31 projects under development in Italy, with a total capacity of 0.5 GW.  The company plans to rebalance and diversify its portfolio by incorporating multiple technologies, expanding its battery energy storage portfolio, and growing across all major regions in Italy.

About Zelestra

With a portfolio of 27 GW of carbon-free projects across 13 countries, Zelestra is a vertically integrated company specializing in developing, commercializing, constructing, and operating large-scale renewable energy projects. Zelestra is composed of highly skilled professionals with expertise in development, construction, and operations. It is backed by EQT, one of the largest fund managers in the world, with more than 242 billion euros in assets under management.

About BKW

The BKW Group is a Bern-based international energy and infrastructure company, employing over 12,000 people. Its company network and innovative technologies enable it to offer customers a full range of skills in the areas of infrastructure, buildings and energy. The Group plans, builds and operates infrastructure to produce and supply energy to businesses, households and the public sector, and offers digital business models for renewable energies. Today, the BKW Group portfolio includes everything from engineering consultancy and planning for energy, infrastructure and environmental projects to integrated services in the field of building technology, as well as the construction, servicing and maintenance of energy, telecommunications, transport and water utility networks.