Encavis AG has acquired two ready-to-build solar projects in Cobu and Massarenti (south of Ferrara in the province of Emilia-Romagna) with a total generation capacity of 18.4 megawatts (MW) from Hive Energy Limited (UK) and its partner Sunleonard Energy Limited. The two projects are about to start construction and will produce a total of around 28 gigawatt hours (GWh) of green electricity per year once completed (expected at the end of 2025). Ethical Power Italia S.r.l. will construct the two solar parks for Encavis.

The modules of the two solar parks in Cobu and Massarenti will be installed on single-axis trackers. The plan is to conclude a long-term pay-as-produced Power Purchase Agreement (PPA) with an industrial customer.