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Galileo signs its first corporate PPA in Italy
Galileo, the pan-European renewable energy development pla9orm, today announced that it has signed its first corporate Power Purchase Agreement (PPA) with a global corporaAon listed on the NYSE (New York Stock Exchange). The purpose of the PPA is to sell electricity generated by three of Galileo’s solar PV projects in Italy, aiming to decarbonise the client company’s producAon processes. The agreement is for 10 years. The projects are located in Campania region, will have a combined capacity of 23 MW and an esAmated annual producAon of over 40 GWh. This PPA marks an important milestone for Galileo, which, since its establishment in 2020, has prioriAsed commercializing renewable energy to final…
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Joint Venture Galileo-Hope: Barium Bay for a 1100 MW New Floating Offshore Wind Farm in the Adriatic Sea
Galileo, the pan-European renewable energy development platform, and Hope Group, the Apulia-based player active in the design of renewable plants, launch Barium Bay, the new joint venture dedicated to another development in Italy’s Adriatic Sea. The plant will have a target capacity of 1,100MW and will be using floating offshore wind technology. The project, carrying the same name as the joint venture, will be positioned over 40 kilometres from the shoreline, spread from Barium to North of Barletta. Barium Bay has been designed with 74 wind turbines of 15 MW each and, given the site’s high distance from the shore, will be able to capture wind speeds sufficient to produce…
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MOZAÏK Energies and GALILEO form a strategic partnership for utility-scale solar PV project development in France
MOZAÏK Energies, a company active in the renewable energy sector in France and, more specifically, in solar photovoltaic project development, and GALILEO, the pan-European renewable energy development and investment platform, have set up a strategic partnership. As part of it, GALILEO has become a 20% owner of MOZAÏK Energies. Through this partnership, the two organizations are planning to jointly develop a pipeline of projects and to deploy several financial instruments to support the long-term growth trajectory of MOZAÏK Energies. It is the first transaction of this type for GALILEO in France, extending GALILEO’s European footprint into a further important market, thereby confirming its goal to become a key player in…
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Galileo and Hope Group form a joint venture to develop the Lupiae Maris 525MW floating offshore wind farm in Italy
Galileo, the pan-European renewable energy development platform, and Hope Group, the Apulia-based player active in the design of renewable energy and hydrogen plants, have created a joint venture to develop a 525 MW floating offshore wind project in Apulia, Italy. The Project and joint venture are called Lupiae Maris, from Lupiae, the ancient Roman name of the nearby town of Lecce. The Project foresees the installation of 35 innovative floating wind turbines in the Southern Adriatic Sea between Brindisi and Lecce, each with an expected capacity of 15MW. Thanks to the availability of floating offshore wind foundations, which allow access to a deeper seabed than the conventional fixed-bottom offshore turbines,…
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PAGRA and Galileo join forces to reduce energy bills of the business sector in Poland
PAGRA, an entrepreneurial company active in the booming market for solar photovoltaic B2B solutions in Poland, entered into a partnership agreement with Galileo, the pan-European renewable energy development and investment platform, which has recently acquired 35% of the shares in PAGRA and will support its further development. This is Galileo’s first investment in this segment in Poland and part of a strategy across the European continent. As a result of the on-going energy supply crisis, many businesses in Poland have been hit hard by increasing energy bills over the past year. After years in the range from 200 to 300 PLN/MWh (c. 40-60 €/MWh), electricity prices at the wholesale level…
