Blunova has sold a 50% stake in its Wind Energy Pozzallo project, a 975MW floating offshore wind farm, to Edison, marking a significant advancement in Italy's renewable energy sector.

Target Information

The Wind Energy Pozzallo project encompasses a 975MW floating offshore wind farm under development, situated near the municipality of Pozzallo along the southern coast of Sicily. The project is being developed by Blunova, a subsidiary of the Carlo Maresca Group, which specializes in the construction and management of renewable energy facilities, including those for solar and wind energy, energy efficiency, and green hydrogen.

Blunova oversees the entire production process, from site selection and design to construction, grid connection, operation, and maintenance. Over the past five years (2019-2023), the company has established itself as Italy's leading renewables operator, with approximately 550 MW of projects authorized and auctioned under the 2019 FER Decree. Of this capacity, around 300 MW is operational, while the remaining projects are under construction, anticipated to be connected to the grid by December 2024. In 2023, Blunova ranked as the top Italian operator for installed solar photovoltaic systems, with a total of 184 MWp connected to the national grid.

Industry Overview in Italy

The floating offshore wind sector in Italy is still in its infancy, with only one existing offshore wind farm utilizing fixed bottom turbine technology. However, this transacti