Solaria accelerates its expansion in Italy with the Palermo I VIA
– Palermo I has 81 MW of photovoltaic plants.
– Solaria has 300 MW with environmental approval in Italy.
– It is accelerating with large clusters such as Spinazzola with more than 600 MW.
– It continues its strategy of deploying BESS and data centres in Italy.
Madrid, 28 January 2025 – Solaria Energía y Medio Ambiente has reached a new strategic milestone in its European expansion after obtaining a favourable Environmental Impact Statement for the Palermo I project, an 81 MW photovoltaic plant located in Italy. This authorisation is one of the final administrative steps before construction can begin, placing the project in the final stage of processing and allowing it to come into operation in 2027. The plant will feed energy into an existing substation, which reinforces the efficiency of the development and significantly reduces execution times.
In the words of Arturo Díaz-Tejeiro, CEO of Solaria: ‘Obtaining the EIA for Palermo I confirms the soundness of our strategy in Italy and our ability to convert projects into assets ready for construction quickly and rigorously. Italy is a key market for Solaria and a fundamental pillar of our future growth.’
The authorisation for Palermo I joins other projects already approved in the country, such as Garaguso (146 MW), as well as several additional smaller facilities, bringing Solaria’s total ready-to-build capacity in Italy to approximately 300 MW. Added to this volume are the advances in the Spinazzola cluster, where the company is developing one of its largest solar platforms in Europe, with up to 600 MW in the pipeline, decisively strengthening its position in one of the continent’s most strategic energy markets.
This progress is fully in line with the roadmap presented by the company at its Capital Markets Day and reflects the disciplined execution of its strategic plan, based on the development of projects with high visibility, secured grid access and clear value creation potential. The solid Italian portfolio is further strengthened by the access already obtained for the deployment of stand-alone storage systems and by the connection points granted for data centres, consolidating an energy ecosystem ready to meet the growing electricity demand associated with digitalisation and European reindustrialisation.
With this new milestone, Solaria confirms its ability to transform its portfolio into ready-to-build assets, accelerate its international growth and generate recurring value for its shareholders. The company is thus entering a new phase of expansion in Italy, which is shaping up to be one of the key pillars of its future growth and a fundamental driver for the fulfilment of its medium and long-term strategic objectives.
