Solar investor Octopus has tied up a PPA with Shell Energy Europe for power from a 70.5MW portfolio of unsubsidised Italian solar assets.
The deal between Octopus and the energy trading arm of the oil & gas giant runs for five years and covers six of 10 projects currently under construction, and due for completion in 2019.
Utility-scale unsubsidised PV capacity in southern Europe is increasingly proving its ability to seal commercial power deals – a 15-year PPA was tied up earlier this year to underpin a 170MW project in Spain.
