Korkia, a Finnish renewable energy investor, has significantly grown its Italian solar portfolio by securing 183 MW of new projects. This latest expansion includes 85 MW of solar photovoltaic (PV) capacity and a substantial 98 MW of Battery Energy Storage System (BESS) projects, reinforcing the company’s commitment to the Italian market.
Korkia’s Italian renewable portfolio Reaches 1.1 GW
With this new acquisition, Korkia’s portfolio in Italy now surpasses 1.1 GW, distributed across 36 distinct projects. The majority of these developments are concentrated in the regions of Sicily and Lazio, with the newly secured projects also located in Sicily and set to be developed by local partner SR Investimenti.
This strategic expansion aligns perfectly with Italy’s ambitious renewable energy goals, which aim to connect 80 GW of renewable capacity to the grid by 2030. Achieving this target requires an estimated 50 GW of new installations and 50 GWh of utility-scale storage, highlighting the critical role of investors like Korkia. As of spring 2025, several of Korkia’s Italian projects, including three solar plants and one BESS project, have already reached ready-to-build status.
Mikko Kantero, Senior Vice President of Renewable Investments at Korkia, highlighted the region’s potential. He noted Sicily’s high solar radiation and Italy’s high electricity pricesโthe highest in Europeโas key factors making these investments economically attractive. The favorable conditions, combined with government incentives for energy storage, create a robust environment for development. Understanding the solar panel manufacturing plant cost breakdown is essential to appreciating the scale and financial viability of such large-scale projects.
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SR Investimenti Expands Italian renewable portfolio Partner Network
SR Investimenti, the local partner overseeing the development phase, has established a robust network in Italy. This positions the company effectively to navigate the complex permitting process, which includes securing environmental impact assessments and crucial grid connection agreements. The combination of solar generation with battery storage is vital for enhancing grid stability and energy resilience in the Italian market.
“SR Investimenti has a strong network of partners in Italy and is well-positioned to secure the necessary permits for the projects, including environmental impact assessments and grid connection agreements,” said Giovanni Savarese, CEO of SR Investimenti. The successful execution of these projects relies on a deep understanding of the entire solar panel manufacturing process from sourcing to installation.
Korkia’s Commitment to Italian renewable portfolio Development
Korkia first entered the Italian market in 2023, partnering with development teams FFK and BIWO Renewables to build a 1 GW solar PV pipeline. To support this growth, the company established an office in Milan and continues to expand its local team.
This Italian focus is part of a broader European strategy. Korkia is now involved in developing over 10 GW of renewable energy projects, spanning solar, wind, and battery storage, across Europe and Latin America. Beyond its home base in Finland, the company is actively pursuing projects in Spain, Italy, Lithuania, and Greece.
The company also has new ventures in Poland and Germany, where it has secured a project pipeline of over 700 MW. This expansion is particularly relevant for German homeowners and tenants, who face similar challenges of high electricity prices and the need for a stable, green energy supply. Korkia’s multi-market approach demonstrates how international investment can accelerate the energy transition across the continent, leveraging a global supply chain for essential solar panel raw materials to build a sustainable future.
Korkia’s ambitious growth strategy and strategic partnerships have enabled it to become a significant contributor to the global transition toward renewable energy.
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