Today Ernst and Young has published the report ‘A Green Covid-19 Recovery and Resilience Plan for Europe’ identifying over 1,000 ‘shovel-ready’ green projects that can immediately create social, environmental and economic value within the framework of Covid recovery. According to EY, these projects are expected to require around 200 billion euros of public and private investment as well as supporting over 2 million jobs. Two Enel projects were listed in the EY report.
In Italy, a first project was included, for more than 400 million euro, that Enel Green Power and partners are exploring “3SUN Gigafactory: an Italian sustainable Gigafactory for PV modules”, for the setting up of a facility that is expected to scale up the production of EGP’s 3SUN to more than 3 GW/year from the current 200 MW/year, leveraging on the unique window of opportunity offered by heterojunction technology.
A second project, located in Spain, is also on the list, a 1.4 billion euro Endesa project in Teruel, for the substitution and conversion of a coal-fired plant by 1,585 MW of solar and 140 MW of wind facilities with a total of 160 MW of battery storage systems.