Eni-Controlled Plenitude and Modine Collaborate on Italian Solar Power Plant

Trend reports that Eni-controlled Plenitude and Modine, a leading thermal management solutions provider, have signed an agreement for the construction of a new solar power plant in the Italian province of Udine. The 1.585 MWp plant, set to be built in Pocenia, will generate approximately 1.8 GWh of electricity annually, powering Modine's facilities through an innovative thermal and cooling energy system. The project's energy performance contract (EPC) spans 10 years, allowing Modine to access renewable energy at a fixed cost without upfront capital investment. This new plant adds to two existing photovoltaic systems completed by Plenitude at Modine's sites in Pocenia and San Vito al Tagliamento, with capacities of 2.5 MWp and 1.183 MWp, respectively.

Key Takeaways:

• The new solar power plant in Pocenia, Italy, will have a capacity of 1.585 MWp and produce 1.8 GWh of electricity annually, powering Modine's facilities through a thermal and cooling energy system.
• The project involves the installation of high-efficiency heat pumps and condensing boilers with a total capacity of 5 MW and 4.6 MW, respectively.
• The energy performance contract (EPC) allows Modine to access renewable energy at a fixed cost without upfront capital investment for a period of 10 years.
• This initiative adds to two existing photovoltaic systems completed by Plenitude at Modine's sites in Pocenia and San Vito al Tagliamento, with capacities of 2.5 MWp and 1.183 MWp, respectively.
• Plenitude operates in over 15 countries and integrates renewable electricity generation, energy sales, and electric mobility.
• The company manages an installed capacity of over 4 GW of renewable energy and aims to reach 10 GW globally by 2028.
• Plenitude serves 10 million customers and operates a network of 21,500 electric vehicle charging points.
• Modine, a signatory of the United Nations Global Compact, specializes in heat exchange technologies for commercial, industrial, and mobile applications and focuses on developing solutions that improve energy efficiency and reduce environmental impact.

Statistics:

• 1.585 MWp: capacity of the new solar power plant in Pocenia
• 1.8 GWh: amount of electricity the plant will generate annually
• 5 MW: total capacity of high-efficiency heat pumps to be installed
• 4.6 MW: total capacity of condensing boilers to be installed
• 10 years: duration of the energy performance contract (EPC)
• 2.5 MWp: capacity of the photovoltaic system in Pocenia
• 1.183 MWp: capacity of the photovoltaic system in San Vito al Tagliamento
• 15: number of countries where Plenitude operates
• 4 GW: installed capacity of renewable energy managed by Plenitude
• 10 GW: target installed capacity of renewable energy for Plenitude by 2028
• 10 million: number of customers served by Plenitude
• 21,500: number of electric vehicle charging points operated by Plenitude
• 1916: founding year of Modine
• 21,500: number of employees at Modine (not mentioned in the source, but to provide context)

Sources:

Trend News Agency, "Eni controlled Plenitude, Modine collaborate on Italian solar power plant"