Geogreen/Radici inaugurate new PV plant in Italy

Energy supplier Geogreen and Italian materials firm RadiciGroup are speeding up their photovoltaic (PV) development with the inauguration of a new solar plant in the Municipality of Isola Dovarese in the Province of Cremona.

The PV plant is located in an area previously occupied by a RadiciGroup production site inactive since 2005. After demolition and requalification work, the land was sold to Geogreen, the sole renewable energy supplier for RadiciGroup.

The solar plant, which has been built taking into account environmental and landscape requirements without using any additional land, extends over a surface area of 40,000 sq m and consists of over 5,000 photovoltaic panels with installed power of about 4 MW and estimated annual production of about 5.5 million kWh, corresponding to the annual consumption of about 2,000 families.

A 100% of the energy produced will be used by RadiciGroup, thus preventing the potential emission to the atmosphere of over 2,500 tonnes/year of CO2 that would be generated by the procurement of a comparable amount of energy from non-renewable sources.

Geogreen, which had focused on producing renewable hydroelectric energy at its six power stations, has now implemented its diversification plan with the production of solar energy at its new plant in Isola Dovarese. Therefore, Geogreen has confirmed its growth strategy in renewable energies backed by a EUR 10-million three-year investment plan.

Angelo Radici, President of Geogreen, stated: “The photovoltaic panels in our new plant use solar tracking technology and are bifacial, so as to increase productivity by 20% compared to traditional solar systems.”