Edison Enters Agreement to Develop an Offshore Wind Power Project

Edison, a leader in the energy transition in Italy, announced that it has signed an agreement with Blunova SpA (Carlo Maresca Group), a leading company active in the development and implementation of renewable power plants, for the joint development of a floating offshore wind power project in Italy.

Under the agreement, Edison has acquired a 50% stake in Wind Energy Pozzallo S.R.L.

Wind Energy Pozzallo is the owner of a project for the development of a floating offshore wind plant with an installed capacity of 975 MW off the coast of Pozzallo in Sicily, over 25 km from the shore, currently in the authorization phase with the Italian Ministry of the Environment (MASE). The plant will significantly contribute to national targets for growth in newly installed renewable capacity and to the decarbonization of electricity production; it is estimated to avoid the emissions of over 780,000 tons of CO2 per year. In addition, its construction will also have positive impacts on the local economy during construction (expected in 3 years) and later during operation and maintenance for at least thirty years.

“We are pleased to announce this partnership with Blunova for the development of 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. In line with the Italian Integrated National Energy and Climate Plan (PNIEC), we also contribute to developing innovation in the service of the energy transition and decarbonization targets,” said Marco Stangalino, Vice President and Power Asset Director at Edison.

Wind Energy Pozzallo has no direct employees and will rely on the professional expertise of Edison and Blunova during the authorization phase to carry out project engineering tasks, among others.