Korkia and BIWO Renewables partner to develop 1 GW of PV capacity in Italy
The collaboration encompasses greenfield development with a diversified strategy across locations and technologies, including ground-mounted solar PV, agri-PV and standalone battery projects.
Korkia, global investor in renewable energy, and BIWO Renewables, an international renewable energy development company with a strong presence in South America and Europe, have joined forces in a partnership to develop a total of 1 GW of photovoltaic (PV) capacity in Italy.
The collaboration encompasses greenfield development with a diversified strategy across locations and technologies, including ground-mounted solar PV and agri-PV projects. Additionally, standalone battery projects will be implemented in congested areas to provide security to the grid and bring diversification to the portfolio.
“It is a pleasure to partner up with BIWO Renewables who boasts extensive experience in the renewable energy industry, having actively participated in the development, construction, and operation of over 4,000 MWs globally. We are also excited about entering yet another market, as Italy marks already the 8th country in Korkia’s diversified portfolio,” comments Mikko Kantero, EVP of New Markets & Origination at Korkia.
The first projects resulting from this partnership are expected to reach the ready-to-build stage already during the first half of 2024. When ready, the projects will support Italy in its ambitious targets for accelerating the green transition. The state’s goal is to have more than 80 GW of new renewable energy capacity in production by 2030.
“We are delighted to form this new partnership with Korkia in Italy. It will allow us to keep expanding our operations in Europe, as well as strengthen our role in driving the energy transition for a greener and more sustainable world,” comments Juan Bonilla, CEO of BIWO Renewables.
EVP, New Markets & Origination, Korkia
CEO, BIWO Renewables
BIWO Renewables is a global company dedicated to the development, construction and operation of photovoltaic and wind projects. Our fundamental purpose is to promote the penetration of renewable electricity generation sources. BIWO is currently present in Chile, Spain, UK, and Italy’s renewable energy markets, performing development, construction and asset management.
Korkia is a global investor in renewable energy. Our mission is to produce clean megawatts to the market to ensure that future generations have an economically prosperous and sustainable world to live in. We develop utility-scale renewable energy and energy storage together with project developers around the world. Currently we operate in Europe, North America and South America – but we are only getting started.