Trina Solar’s International Systems Business Unit (ISBU), the utility-scale solar and battery storage development arm of Trina Solar Co, Ltd, has signed a 15-year Power Purchase Agreement (PPA) with Italian energy management firm EGO, a company owned by the Shell Group. The deal covers the development of nine solar energy projects across Italy, with a combined capacity of 69 MWp. These projects are either under construction or expected to begin in 2024 and 2025, helping to further the country’s renewable energy ambitions.
Once fully operational, the projects are expected to generate 119 GWh of electricity annually, enough to meet the needs of around 7,000 average-sized households. The development of these solar farms will create approximately 1,000 jobs across nine regions in Italy, further boosting local employment and green energy infrastructure.
Partnership to Meet Italy’s Renewable Energy Targets
Dr Linhui Sui, President of Trina Solar ISBU, emphasised the significance of this partnership for both companies and Italy’s renewable energy future. “We are very pleased to partner with EGO and the Shell Group to deliver green energy to their Italian clients,” said Dr Sui. “This initiative contributes directly to the Italian government’s target of achieving 65% of electricity generated from renewable sources by 2030. We are committed to supporting this transition and helping Italy meet its ambitious energy goals.”
The Italian government has set an ambitious target of generating 65% of its electricity from renewable sources by 2030, and this new deal between Trina Solar and EGO is seen as an important contribution to achieving that target.
EGO’s Role in Distributed Energy Management
Carlo Corallo, CEO of EGO, hailed the partnership as a natural fit for the company’s expertise in managing energy from distributed power sources. “EGO is well-positioned to capture this opportunity due to our specialism in managing energy produced from distributed sources and our well-established network of small asset owners,” Corallo explained. He highlighted the role EGO plays within Shell Energy Europe, which brings significant trading capabilities that will further enhance the value of the partnership as solar power generation continues to grow across Italy.
This collaboration also underlines Shell’s broader focus on transitioning to more sustainable energy sources, aligning with its corporate goals of reducing its carbon footprint and supporting renewable energy initiatives globally.
Advisors and Project Development
Trina Solar ISBU was advised on the transaction by the law firm Parola Associati. The deal marks a significant step in expanding the company’s footprint in the European renewable energy market. Trina Solar ISBU is active in over 15 countries, developing large-scale solar and battery storage projects that support the global transition to clean energy.
As solar energy becomes a more significant part of Italy’s energy mix, the partnership between Trina Solar, EGO, and the Shell Group represents a key investment in the country’s green future. With construction set to begin in several regions over the next two years, these projects will play an important role in supporting both local energy needs and Italy’s broader decarbonisation goals.
By contributing to a greener and more sustainable energy system, Trina Solar and EGO are positioning themselves as key players in Italy’s renewable energy landscape, with plans to further expand their influence in the coming years.