Gunvor and Quercus announce landmark solar development partnership in Italy [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
LONDON July 1, 2024 /PRNewswire/ -- Gunvor Group ("Gunvor"), a leading global energy commodities trading company, together with Quercus Real Assets Limited ("Quercus"), the London -based renewable specialist focused on international investments within the Energy Transition, proudly announce a landmark solar development partnership that targets the development of up to 3 gigawatts (GW) of solar photovoltaic (PV) capacity in Italy Under the terms of the deal, Quercus will draw on its established track record of developing renewable projects—from permitting to "ready to build" status—and combine that with Gunvor's ability to fund, manage, and optimize assets through power purchasing agreements ("PPAs"). The solar sites will be strategically located across all regions in Italy , granting Gunvor the option to acquire and enter into PPAs with the assets. Gunvor's first material investment in the solar space fully aligns with Nyera's commitment to the Energy Transition and our ambition
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