Iren S.p.A., through its subsidiary Iren Energia S.p.A., signed a contract with Ansaldo Energia for the new combined gas cycle realization, with aninvestment of approximately €180 million, which will increase installed capacity at the Turbigosite, which is all natural gas fed, from the current 850 MW to around 1,280 MW. The expansion of the capacity for 430 MW obtained a remuneration in the Capacity Market auctions:
The repowering of the Turbigo station – said Massimiliano Bianco, Chief Executive Officer of Iren – represents a significant upside in relation to the assumptions in the most recent business plan, which we decided to implement after the pricing signals from the first Capacity Market auctions. Prices were positioned at highs both in terms of existing capacity and the new capacity, highlighting the important role of gas power stations with high levels of flexibility, which operating on a supplementary basis to renewable sources, are essential to supporting system adequacy. With this project, Iren and Ansaldo Energia are consolidating their collaboration in the energy sector, and more specifically, in managing the turbogas fleet.”
“By signing this contract, Ansaldo Energia further consolidates its leading role in Italy’s energytransition and confirms our sound decision to increasingly centralise the production plant in Genoa – commented Giuseppe Marino, Chief Executive Officer of Ansaldo Energia –since November last year, the order backlog has increased by over 600 million euro, confirming technological leadership of Ansaldo Energia and its service capacity for the maintenance and assistance to its customers”.
Iren Contacts
Media Relations
Paolo Colombo
T + 39 011.5549175 M + 39 348.2206005paolobartolomeo.colombo@gruppoiren.it
Investor Relations
Giulio Domma
T + 39 0521.248410investor.relations@gruppoiren.it
Barabino & Partners
Giovanni Vantaggi
T +39 02.72023535
M + 39 328.8317379g.vantaggi@barabino.it
Ansaldo Energia Contacts
Head of Communications and Events
Luciano Gandini
T +39 010 6556295
M +39 331 6742485lucianomaria.gandini@ansaldoenergia.com
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