GreenGo announces that it has obtained the single authorization for La Motta, a wind project developed by the SPV Green Flag in the Foggia area of Italy, with a total capacity of 12 megawatts, which was already awarded under the GSE’s FER X auction, securing an incentive tariff of €72.1 ($83.2) per megawatt hours, to be indexed upon entry into operation and paid by the GSE for a period of 20 years.
The green light for the project represents a further step forward in the growth of GreenGo’s proprietary portfolio and strengthens the group’s position in the wind power segment, with a total pipeline of 300 megawatts in regions of Southern Italy with high wind potential. Wind power, as also confirmed by the European Union’s recent approval of the state-aid framework, will play a dominant role in FER X and is strategic for GreenGo’s evolution as a multi-technology, vertically integrated Independent Power Producer. GreenGo’s multi-technology approach is fully aligned w
